Basically it is a "pass thru" with no volume (controlled on pre/pro) nor tonal influence.
How does processor loop work?
I'm not sure what is the concept behind tape loop and processor loop. I suppose they are conceptually similar. I understand the need for the bypass input for the processor that provides unity gain. But I am not sure how the processor loop is supposed to work. There is a set of input and corresponding output associated to tape loop and processor loop. How are you supposed to connect your tape / processor to them, and what exactly do they provide?