No, when the IR-2 pedal "Bypass" function is turned on, the USB audio input to the IR-2 is not output from the PHONES jack, nor is input audio output from the USB audio output.
No, when the IR-2 pedal "Bypass" function is turned on, the USB audio input to the IR-2 is not output from the PHONES jack, nor is input audio output from the USB audio output.