Unloaded measurements don't say much about the real performance of the device. The only thing that can be said of those is that the walnut sucks.
And the channel imbalance is because of the potentiometer of the walnut. Usually you want it to be under 1dB from its max output voltage (the potentiometer all the way up) to -40 dB in reference to the max output voltage, you can do this with the calibration signal of rightmark, since it reports the amplitude of both channels, however its likely you will saturate your line in with the walnut at full volume, and really the thing already has other problems of major concern. Like a 100 Ohm output impedance.
I read through this thread twice trying to figure out how each graph relate to sound and music. But I am still very confused. Is there a guide I can look over? For example, if unloaded is flat but loaded is like a rollercoaster then is it going to sound bad for all headphones?
I was very curious about the Zishan because of its spec and features, but after looking over its charts on this thread, I am not sure if it's going to sound good