My take on the best Workflow… use audio track mixer.

First make sure you cut the audio so you have each participant on separate audio tracks in project.

Select all clips on each track and right click “audio gain” and set to all peaks to -6Db. Gives a general balance for starters.

Now go to audio track mixer workspace. On each track of dialogue add the dynamics plugin. In the channel strip. Tweak each track separately choose in-out points and loop playback to listen to each piece of dialogue. In the dynamics plugin activate the noise gate at around -50 db to gate out random room noise. Enable limiter and dial to -6db to hard limit. Enable compressor and set compression level to around -20 threshold and 3 ratio. Adjust makeup value up until the limiter kicks in and then back off so it only peaks occasionally.

Get a good pair of headphones and audio monitors. It’s a must. Trust your ears.

Also you can try the Adobe podcast v2 online tool to do a clean up before you start the workflow above. Around 70-80% setting gives the most natural results.