Thanks for the comments. No, I'm afraid there is no direct way to clamp the colour range of the spectrogram to a subset of the available dynamic range. You can of course do various things to change the palette's effective brightness (level control) or distribution (e.g. set colour scale to linear and use the high-gain palette) but you cannot currently set the dynamic range extents.
On the subject of other spectral visualisers, especially for live monitoring, I'd like to mention baudline (
http://www.baudline.com/) -- no doubt you know it already, but I think it's worth noting in the topic.
Chris