thank you very much for this discussion.What you have with the capacitors instead of the transformer is a pseudo balanced (the speaker outputs are differential in most modern audio amps) to unbalanced (single ended line input) connection. Common mode signals like hum and noise still have a cable conductor energy circuit path to the line J1 input pin so these types of connections are hit and miss for ground loop noise and hum.
https://www.ranecommercial.com/legacy/note110.html
