Hi.
I am using two 2621 routers with AIM ATM boards. I have two PVCs one for voice and one for data. I have used both CBR abd VBR-RT on the voice pipe and always use UBR on the data pipe. While CBR provides a constant minimum bandwidth, VBR-RT adjusts acording to your average bandwidth, burst bandwidth and burst cell rate.
I have performed several tests over the link (T1) and have found that using VBR-RT for voice traffic has a lower average delay and fewer lost packets than CBR. This is especially true at high volumes.
Using basic destination routing, I have been able to run 15 concurrent voice calls very high quality. The 16th has marginal quality. All the while, I am flooding the data link with FTP, HTTP and generic UDP traffic. When using source address based routing, the results have been less desirable, but are getting better.