That's a good question, and I hope I can answer it correctly.
First thing you have to understand is that sends are nothing more than extra outputs you add to a Track or a Bus. For example, you have Track 1 who's output is being routed to the Master Bus (and from there to the soundcard). Then you insert a send in Track 1 and point it to the Reverb Bus (which also outputs to the Master Bus). What happens here is that the audio from Track 1 is being sent to both the Master Bus (via the regular output of this track) and to the Reverb Bus (via the send you inserted). So it's like you added another pair of outputs to Track 1. This is aking to using a Y-cable on a guitar to split its signal, except we're talking about Stereo Routing (unless you use Mono Buses). So far so good?
Alright, so in JA's template, the Submaster Bus is receiving everything and splitting it into two mono signals that go to Busses 'MixL' and 'MixR' via sends. From there the two hard panned mono signals are brought back together to the Master Bus, which outputs to your soundcard. Turning the Submaster' volume up would be like sending everything that's going into this Bus twice to your soundcard: once from its output (since it's set to output to the Soundcard) and once again from both MixL/R sends (which again, send the signal to the Master and finally to your soundcard). This is why the volume on the Submaster Bus is turned down and the sends are set to Pre-Fader so that you can do that. Otherwise, if set to Post-Fader, you would get everything twice to the Master Bus.
Use Post-Fader when you wanna blend two signals together (i.e. when using FX Busses). This is why you set the Bus FX to 100% wet, so that you can blend the direct signal with the wet signal without adding another layer of direct signal. It effectively becomes a MIX control like those found on FX plugins. You use Pre-fader when you want to route audio and ignore the Bus fader (i.e. on Headphone mixes or JA's crazy routing scheme :-P). In the case of headphone mixes, having sends set to Pre-fader enables you to adjust the volume of different tracks without affecting the overal balance of the mix. This way you can have a mix where the drums are louder than everything else so that the Bass player can lay his track, but the mix coming from the Master Bus is intact. In the case of JA's template, setting the sends of MixL/R to Pre-Fader enables him to split the signal without adding extra signal from the Submaster Bus to the final output.
The best way to understand Pre and Post is to experiment with it. Try this:
- Load JA's template and turn the Submaster's volume up to unity gain (0dB); The overall sound should be louder.
- Now set the MixL and MixR sends to Post-Fader; You should hear no change in volume.
- Turn the volume of the Submaster Bus back down to -Infinity; You hear silence.
- Change the sends back to Pre-Fader; Volume is back to normal.
HTH