All currently active output paths (both internal mix busses and output busses) and physical outputs as defined in the I/O Setup dialog are available as the Bounce Source.
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Select a bus path, output path, or physical output from the Bounce Source selector.bounced file includes only audio routed to the selected internal mix bus path.The bounced file includes only audio routed to the selected output bus path.The bounced file includes only audio from all output paths mapped to the selected physical output. This is useful when working with overlapping output paths.