Yes, that actually sounds very likely.
We’ve tested it in multiple ways – with different monitor levels, even with the monitors completely off... The last test was with the guitar fully disconnected (so zero chance of the pickups catching anything – unless we start assuming cables can pick up sound on their own).
On top of that, my guitarist is running almost the exact same setup with a Stomp XL and we’ve never had any issues there.
My bass rig is pretty minimal: an HX Stomp, a MIDI controller, and an expression pedal working via MIDI… the only difference is that my Stomp’s outputs are wired inside the pedalboard to one of those Rockboard patch modules. When I unplug the HX Stomp from that patchbay, the problem disappears instantly, so it really does point to a physical issue.
The bleed is so minimal that if it weren’t for the click sound, you probably wouldn’t even notice it. So yes, it seems to be exactly the kind of physical ground issue you’re describing.
Another thought – could it be that the Stomp’s outputs aren’t actually combo XLR outs but stereo TRS jacks? Maybe when I plug in mono jacks for L and R (which is totally fine per the manual) it’s causing some kind of coupling? I’m running the bass in stereo because I split the signal into low and high frequencies.
BTW... these units are seriously powerful though – I once told my guitarist during rehearsal, “Plug your guitar in, I’ll dial in a quick preset for you…” and after I dropped an ENGL block on his tone, he ordered a Helix two weeks later.