I have to admit that this is a concept that would be interesting to analyze in a little more detail, not explicitly in the sense of using it in a DIY design.
It would be interesting to see what would happen if another microphone (as AKG 414) was connected to that power supply and the switch was set to a position other than P48.
"It would be interesting to see what would happen if another microphone (as AKG 414) was connected to that power supply and the switch was set to a position other than P48."
Nothing would happen. Phantom power is specified as 48 V + or - 4 V. (So: 44-52 Volt.)
Fine, but then why is there a special P48 position on the power supply, why didn’t they just say it is the central position where the cardioid pattern is?