Pin 1 should not be the reference for a balanced input. If it is then you're doing it wrong. The signal is the difference between hot and cold,
That is correct. But that difference is normally detected with a Diff amp which itself is referenced to audio ground.
And
The interconnect should still work if the shield is disconnected at one end
Also correct - as long as the common mode voltage difference between the two devices (which may no longer be tied together) does not exceed the common mode voltage range of that diff amp.
Last edited: