When engaged, the HT bypass simply "passes-through" exactly what is received at the input. When HT bypass is engaged, the pre-amps volume control has no effect on the signal that is being passed-through.
A passive output is basically a volume attenuator. At full volume, it will pass-through exactly what is received at the input. However, the volume control will affect the signal, so anything less than full volume, the output will be attenuated (less than the input).
A passive output is not unity gain, except at full volume. At anything other than full volume it has negative gain (volume attenuation).
A passive output is basically a volume attenuator. At full volume, it will pass-through exactly what is received at the input. However, the volume control will affect the signal, so anything less than full volume, the output will be attenuated (less than the input).
A passive output is not unity gain, except at full volume. At anything other than full volume it has negative gain (volume attenuation).