The OP's original reference may go back to an old problem with routing signals to mono outboard hardware, given that all of SONAR's outputs were stereo up until SONAR 8, which introduced mono hardware outputs for this purpose.
One of the things that complicate the discussion is that individual tracks have the ability to switch from mono to stereo and back internally, as needed. So if you insert a plugin that has stereo output, the track interleave will automatically change to stereo internally. But, as John T noted above, if the source is mono and the interleave is mono and you use mono effects, you do indeed have "true" mono - right up until the end of the chain, when that mono signal is ultimately sent to a stereo bus.