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Forgive my ignorance, but, what is the mythology surrounding a shunt attenuator? I take it you are not too fond of them?
Shunt attenuators were borne of the wholly erroneous notion that the "signal path" comprises only the series elements in a circuit. Shunt elements aren't considered part of the "signal path" because they just go to ground typically.
So based on this, the idea is that instead of using a whole bunch of expensive, high quality resistors, you use just one very high quality series resistor and then you can use lower quality resistors for the shunt portion because, according to the mythology, they're not in the "signal path" and therefore can have little or no effect on the signal.
However nothing could be further from the truth.
The SIGNAL is in fact the voltage drop across the SHUNT resistor(s) as a consequence of the current flowing through it/them. Which means that their quality is every bit as important, if not more so than the series resistor.
In other words, a shunt attenuator ONLY makes sense within the context of the mythology about the "signal path." When you look at them in the context of how things really are, they make absolutely no sense at all and come with a couple of drawbacks that you don't have with a regular potentiometer style attenuator.
First, because of the fixed series resistor, even with the attenuator turned all the way up, you're still left with some attenuation due to the voltage divider created between the fixed series resistor and the variable shunt resistor.
Second, the input resistance changes depending on volume setting.
You can eliminate both of those and get the same performance with a ladder type attenuator.
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