So the same effect is achieved because the inmput ground plane is no longer grounded so we don't have ground loops possible NOT leaving one end of the shield loose??
Both RCA jacks have their shells connected to each other at the input end by the isolated copper plate that they mount into. Thus whether you use shielded twisted pair or single conductor coax this isolated copper plate becomes connected to pin 2 of each PL14_20 channel by either one of the twisted pair conductors or the shield braid of the coax. You see how that is same-same?
The wiring schematic I posted some time ago shows the coax type connections.