I was told that it is truly balanced...however I've read a post here somewhere stating that a Cap user has used both and they had similar gain from single ended as balanced so I can't say I'm sure.
balanced output is wired to European standards so pin #2 is wired as hot. Opposite the American balanced standard where pin #1 is wired as hot. Seems to my ears both balanced and RCA output are the same volume output levels.
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