The present disclosure allows for optical link capacity to be optimized based on transmission parameters, such as amplifier gain, link loss, optical signal-to-noise ratio. For example, optical signals at wavelengths that are susceptible to impairments, such as non-linear effects, or that are not adequately amplified by an optical amplifier, may be modulated in accordance with lower rate/less spectrally efficient modulation formats (“low rate formats”) that are more noise tolerant. On the other hand, those optical signals at wavelengths that are less susceptible to or do not incur such impairments may be modulated in accordance with highly spectrally efficient/higher rate modulation formats (“high rate formats”) that are more noise sensitive. Accordingly, a maximum or optimized capacity may be realized through appropriately choosing, for each channel, a particular modulation format and channel spacing. Such optimized capacity can be readily obtained with adaptive driver circuits.