I just got the Moto z-box in the mail and plugged it in for a trial run.
I recorded three takes, one in the Hi-Z, one in the Lo-Z, and one straight into the interface with no other changes.
The effect is definitely VERY subtle. It clearly is doing "
something". The first impression that I had was that it just lowered the volume... But after comparing at similar volume levels, I think the sound is a little bit warmer. It looses a bit of abrasiveness that was coming from the direct in.
Then I recorded three takes and compensated for the volume by adjusting the input on the interface.
I noticed a subtle difference. I'm not entirely sure that I would be able to pick it out in a blind test though... Maybe after using it more. I noticed a bigger difference with single notes rather than playing chords. Warmer - smoother. Sounded like a starter amp.
It will also be interesting to see if the effect is more dramatic when running through some amp sims.
Seems like a decent purchase for $40. I wouldn't pay much more though. Good option for a musician on a budget, but perhaps not worth it if you are a pro or can afford better options.