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Yes ACE is point to point. You can’t run ACE into a router however, the ANet ports allow you a way to hook up via a router various editors be it iPad,iPhone, or editor.
To use the xDR you need an ACE card but, the XDR has a card slot to replace the one you have taken up with your ACE card.

That is exactly the way we use our iPads now except that it does not pass audio to the iPad(too bad :/)