ToneX One question about FX levels.

[dave_bass5]

Im thinking about getting the above, mainly as a Phaser and OD (not at the same time).

I can see the poser has 4 controls, one being level. Can anyone tell me if this is a volume level or something else?

Ive been using a Blood Moon phaser after (or before) my EBS MB3, but there is always a volume jump when I engage it. I was hoping the ToneX would allow me to balance this. 

I was going to use, or get a Zoom pedal which i know can do this,  but quite fancy thing something new.