There is absolutely nothing remotely 'performant' here. It's a cheap passive switchbox- that's all. One where they can't even line up the knob markings with the internal fluting. Two knobs, both disgracefully aligned. I mean, at what point do you call a spade a spade?
It takes a balanced input and obviously discards one leg (which leg amir did not test for) to output RCA. And vice-versa? Who knows, but most likely a floating negative/inverting judging by the garbage on the AP's FFT. It's not a 'ground loop'- it's a floating, unterminated input on a differential input. We've all seen that before.
My suggestion to you guys- don't be lazy. Pull off the cover and visually scope out the topology. Get out a DMM and check the routing instead of looping back through an AP and proclaiming it transparent. Check the crosstalk from L-L-L from live-active inputs (the most likely usage scenario), not L-R. I'm sorry, the review is incomplete, superficial and no useful conclusions can be drawn as to the actual 'performance' of the device.