I called Frank and answered my own question. The phase inverter does send the signal through an extra circuit, and on a well-designed stereo amplifier the benefit may be "a wash" in Frank's estimation. It's primarily useful for a) improving performance of stereo amplifiers that may not have as solid a power supply design as Frank's, and b) bridging two stereo amplifiers.
Since I'm getting a 550 Double Ultra+, I don't think bridging two amps or helping a weak power supply design will be problems.
For the purpose of discussion, however, it should be interesting to know whether anyone is using the phase inverter option on a stereo amp and whether the affect is noticeable and in what ways.
(My AvaStar is apparently, possibly, if all goes well, shipping this Friday with my Double Ultra+

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