The thread is still alive, haha. It's still relevant since these things have 2nd, 3rd, 4th? lives and usually don't come with manuals. I got one of these a few years ago and finally found a reason to use it, and have figured it all out, I think.
Here's the common way to hook it all up: The big fat power cord is where the ACE gets its electricity, and needs to be plugged into a constant power source (the wall socket). The other, (skinnier) cord allows the unit to turn on when it is detecting voltage. If you want the ACE to be the primary switch, you also plug this cord into the wall socket. Anything with an amplifier (your primary amp, amped subs, powered speakers, alternate amps) plugs into the ACE's 3-prong white outlets labelled "amplifiers". All non-amplified accessories (Pre-amplifier, CD player, etc) plug into one of the ACE's four 2-prong "accessory" black outlets (on the left when looking at rear). Put all the accessory and amplifier switches to "on" position. Now when you flip the ACE's switch, the accessories will all turn on immediately and the amplifier will turn on 10 seconds later to avoid pops/noise from accessories. Press play and listen

When you turn the ACE's power switch "off" the amplifiers will all turn off immediately and you can listen for the little fizzle sound that indicates its capacitors and other internal working have all sufficiently discharged. 30 seconds later the accessories will all turn off, having left plenty of time for avoid pops from an amp that's off, but otherwise still would have had juice in it. If you have more than 2 amplified components, plug a power strip into the white amplifier outlet and run everything amplified through that (this is what I've done - 2 powered subs and a GFA-6000 amp).
Now, if you want the pre-amp power switch to be the primary switch for the whole system, I believe this is the way to do it: Take the pre-amp's power cord and plug it into the wall outlet. Then take the ACE's skinny cord and plug it into a switched outlet on the pre-amp. Turn all switches to "on" except the pre-amp. Now when you turn the pre-amp on, the ACE will detect voltage in its skinny cord, come alive, and turn on all the other accessories. 10 seconds later it will turn the amplifier on. When shutting down, flip the pre-amp switch to off and the voltage to the ACE's skinny cord drops and tells the ACE to go to "off" mode. As mentioned before, this turns the amps off immediately and the accessories 30 seconds later. Alternatively you could plug the ACE's skinny cord into a switched wall outlet or switched power strip and that would be the way to tell it to power up and down (like, if you had all the other equipment on a high or low shelf, behind a screen, or other inconvenient place).
Pretty cool stuff. I can't tell difference with filtering, nor have I tried. Not a lot of line noise here. I assume it will protect against a power surge too, but not a lot of those here either. I've been playing with this for a few days. It's using 2 adcom (GTP350 & GTP400) preamps to power 4 of the GFA6000's 5 amplifier channels, and 2 powered subs. I got all this stuff on ebay / craigslist for pretty cheap over the years. It's all going to a 2nd home we bought recently, so pretty excited about having good tunes there.