Mark L:

If I use XLR ins and outs is it a true relay hardwire by pass?

Yes.

Note that other input/output combinations do NOT have true relay bypass – it would need too many relays. But, you can make/buy a cable to go between XLR and 1/4" (see manual), which allows you to come in XLR and go out 1/4". This would be better than 1/4" everywhere.