This Jensen schematic looks very clear about it; trafo's phantom tap goes to psu, then both wires (+-) connect to R1,C1 filter on a switch without touching ground before it. Ground wire from C1 minus pole is connected to XLR pin 1 which is bolted to chasis at the screw this XLR. Then + wire from joint of R1,C1 go to joint at 6k8 resistors which are then connecting pins 2,3 of the same XLR.
OK, this is doing it by the book for a single-channel. What about multi-channel, and particularly a large-ish mixer?
You can't have a separate 48V supply for each input, so that means one has to find a workable compromise.
The reason for connecting pin 1 to chassis is for EMI/RFI protection. Whatever you do, the phantom power negative rail cannot be connected to all pins 1 at a single point.
One has to accept that the phantom zero-volt cannot be the same for all inputs.
Then what?
Creating a separate rail joining all pins 1 is identical (maybe worse) than using connection to a unibody chassis.
The voltage developed by EMI/RFI across a pice of copper is almost identical to a piece of steel or aluminium the same length, whatever the thickness or width. It can be easily checked with inductance calculators.
However, in order to save Ian from protesting
, it helps when used as an addition, particularly with a modular rear panel chassis.
So basically, whatever parasitic voltage appears between the different pin 1 can hardly be improved.
The final performance is in the hands of the mic's PSRR and the global CMRR.
I advocate the use of decoupling the phantom power with a cap connected to the actual relevant pin 1. Then the parasitic voltage will be "dumped" to the mic's reference.