2-10s they are, Sonny. Toggle down, grounded/powerless; toggle centered, ungrounded/powerless; toggle up, ungrounded/ship's power. I prefer this because I can force the p-mags into internal power mode by shutting off ship's power. This allows turning off the master so the aircraft can fly with no drain on the battery. You must turn off the master using E-mags scheme, and you may not want to do that. I prefer the selectability.
Twice I've had alternator failures when 3 and 4 hours away from home. (How is it machines can detect the most inconvenient time to fail?) The master contactor eats considerable power itself before anything else gets juice, so it's nice to be able to shut 'er down to conserve battery life. The P-mags happily drone on, and leave me free to on-off the master occasionally to observe the engine monitor, use the radio, etc., without bouncing the p-mags in and out of self-power.
Which brings me to a minor thread steal. I abandoned Nuckolls E-buss concept with the current ride. It makes little sense when everything, with trivial exception, has an on-off switch. The P-mag advent pushed me in this direction. Now, I have a main buss off the contactor, and a battery buss feeding P-mags, a low drain (a nice, legible, black and white!) GPS, back up fuel pump, and clock. No e-buss block, no diode, no switch. The e-buss concept would only additionally serve to isolate a runaway alternator; a field switch, over voltage protection, and B-lead fuse/breaker covers that instance.
Truth be told, I enjoy wiring also (but not tracing problems!). It's clean work and every termination is in itself a minor accomplishment.
John Siebold