The Out position would make more sense for Lift, but as I can see it follows the same logic as the MONO SUM, normal Out..., the LIFT position would only be used in certain situations, noise because of ground loops... as the MONO SUM...
You get less noise with the ground lifted?
It is actually lifted when the switch is in the OUT position. Though, using similar logic that you mentioned, my first guess was to try it with the switch IN.
The story behind this is that I have a pair of powered speakers, and I wanted to use my Chromebook to play streaming audio from a subscription service. Initially, I used RCA cables from a typical consumer USB DAC, and everything sounded wonderful...until I needed to plug in the Chromebook to recharge it. When the power cable was plugged into the Chromebook, there was a noisy 60Hz hum that could be heard between songs or when pausing the music. I tried all kinds of tricks to fix this ground loop, and finally stumbled upon a cheap
Peavey USB-P with XLR balanced cables that finally resolved the noise issue.
The Peavey DAC's XLR ground pins are always lifted. The device does not have particularly wonderful measurements by audiophile standards, with a FR of +/- 1dB from 20-20kHz and THD + Noise <.015% @ 1kHz. To add to potential problems with sound, it's only 16-bit/48kHz. All of my streaming music is 16/44.1kHz, and I doubt I could hear a difference if challenged on it, but that was not the worst of my problems. My biggest issue was that the Peavey only had instrument level output, or about -9 dBu into the speaker's 10k Ohm XLR input. I listen to my music at quiet levels, and even with the speaker volume at the maximum gain, the sound was not too loud with the pre-amp volume pot at 50% or more. Consequently, the speakers would automatically shut off after about 30 minutes by design, since the input signal was so low. That is why I picked up this
Radial Engineering USB-PRO device.
This Radial USB DAC has true line level output. (actually higher at up to +8 dBu) It also has much better performance ratings and can autosense my 16/44.1 music without having to convert the sample rate. Initially that ugly hum was back, but now I have the ground lift button sorted out correctly and the noise is gone again. The best thing about it is that I was able to turn the volume down on the speakers, and the signal coming into them is much hotter, which means that I no longer have the sound abruptly shut off now.