I've used GLIs here and there, particularly in my car when I had an iPod and auxiliary input both wired into the head unit. They worked, but they cut the level down a little bit and seemed to compress the dynamics slightly. I'm sure you could get a more expensive one that might do better though. The only way a cheater plug could really cause any damage is if you have a serious wiring fault in your house, in which case you could get some current flowing through your sub cable.