I have used those ground cheater plugs before & they work great. Does anyone know the downside of using them if any?
Aside from the additional contacts which are introduced into the ac path (which could be eliminated by following Rtn1's suggestion), I think that the one downside would be the fact that the safety benefit of having a safety ground on each piece of equipment is lost.
However, assuming that at least one piece of equipment in the system does not have its safety ground defeated, and that should generally be the preamp or integrated amp, the chances of a problem resulting would seem to be extremely remote. The only scenarios I can envision where a problem would result are:
1)A piece of equipment that is being connected into the system is plugged into the wall through a cheater plug, before the interconnects to the rest of the system are connected. That component has an internal short which causes its chassis to be electrically "hot" (i.e., at 120vac potential). The user connects an interconnect cable to it, and then simultaneously holds the shell of the rca connector at the other end of the cable in one hand while touching the chassis of a grounded component with the other hand. He will receive a shock. Or, similarly, the user plugs a component with a hot chassis into the wall before connecting it into the system, and simultaneously touches its chassis and some grounded object.
2)A component with its safety ground defeated develops an internal short causing its chassis to become electrically hot. All of the interconnects (probably two, for left and right) between that component and the rest of the system are defective in such a way that their shields have an abnormally high resistance (say 10 ohms), but the shields are not completely open. High levels of ac current would be conducted through them, that would cause them to overheat but would not be sufficient to cause the circuit breaker to trip.
As I say, the scenarios in which a problem would result are pretty far-fetched.
Regards,
-- Al