Cactus Music
But as said all digital devices need to be running from the same clock source so that device needs to work nicely with your system. I'm not sure I'd trust a little cheap box to do that, but you never know.
I have experience with running SPDIF connections in my setup. Currently, I run a SPDIF coax cable between my two Saffire Pro40's to pipe the headphone mix from one to the other. I also utilize another SPDIF connection to force a clock signal into my Virus Ti2. The rest of my setup is heavy in the use of ADAT optical.
Johnny V is right with the above statement. If the clock sources are not the same, then you will get glitches and pops. Overall, with SPDIF (either optical TOSLINK or coax), and ADAT even, the setup must have at least one Master clock signal. Seems straight forward enough, but know that some equipment can only be a Master but not a Slave. For example, the Waldorf Q cannot accept an external clock signal, which sucks; It can only be the Master. Therefore, as another member has said, those RCA connectors go unused.
Also, if you decide to utilize the SPDIF coax connections in your setup, it is recommended to buy and use a 75-ohm impedance coax cable. Don't worry, they're cheap on Amazon. The 75-ohm impedance cable is different than the run-of-the-mill RCA cable. It's worth an experiment in your setup with an RCA cable if you don't want to make the $5 commitment for a proper cable, but you may get clicks, pops, and glitches and/or the device's audio may drop out or not even work at all.