AM modulation depths are found to be 50 times smaller than PM modulation depths.

m(AM,f1) ~ m(AM, f2) = 0.003 while m(PM, f1)=0.17 and m(PM, f2)=0.19.

Measured values;

* DC power = 5.2V which is assumed to be 0.74mW according to the PDA255 manual.

*AM_f1 and AM_f2 power = -55.9 dBm = 2.5 * 10^(-9) W.

AM f2 power is assumed to be the similar value of f1. I can't measure f2 (55MHz) level properly because the PD (PDA255) is 50MHz bandwidth. From the (P_SB/P_CR) = (m/2) ^2 relation where P_SB and P_CR are the sideband and carrier power, respectively, I estimated the rough the AM modulation depths. Although DC power include the AM SB powers, I assumed that SB powers are enough small and the DC power can be considered as the carrier power, P_CR. The resulting modulation depth is about 0.003.

On the other hand, from the OSA, today's PM mod depths are 0.17 and 0.19 for f1 and f2, respectively. Please note that these numbers contains (small) AM sidebands components too. Comparing with the PM and AM sideband depths, AM sidebands seems to be enough small.