The DACT CT2 was designed for small signal so there is a limitation to how much current the Elma switch inside the CT2 can conduct. From the DACT website, the CT2/CT1 can conduct the following current without significant loss.
2V/2A
24V/0.6A
42V/0.4A
IMHO, the CT2 cannot be used as LPAD attennuator for speaker level signal.
If you are handy, you can easily get a high conducting current switch with a lot of positions (iel..24, 48 ) and build a high quality LPAD using high wattage rating resistors.