Merging Pyramix User Manual page 182

button indicates that the effect is bypassed when lit. Bypassing an effect retains the same delay as when the
effect is active. Further, well behaved effects will continue to calculate internal parameters when bypassed making
seamless switching possible.
When Full Delay Compensation is selected, Effects and Plug-ins that correctly report their latency will have their
delay compensated. This delay is maintained when the Effect or Plug-In is in bypass mode.
Please see also Mixer Delay Compensation on page 177
Mixer : Configuring a Blank or Existing Mixer 10 - 182