One question, why do you think you need to lift ground?
In my experience (I spent the better part of the 90s in pro sound fighting the audible and sometimes unaudible artifacts of ground loops) ground lifts are the wrong solution to a problem barely understood.
The reasons hum occur are several, but the most common are:
* either a strong magnetic field induces hum (rare),
* mains-related current flows along signal wires between mains connected pieces of equipment.
In the first case, screening will help. As long as the screening enclosing the circuit is given a path to discharge the induced current; because the current is still induced, only this time in the screen, where it supposedly won't harm anything. Here, a ground lift will subvert the screening, at least at audible frequencies. Like hum.
In the second case, the problem is that the signal path between the two pieces of equipment is (in comparison) the best path for equalizing the potential difference occurring from the fact that mains ground is not at exactly the same potential at all points in a local mains grid. Removing a non-audio-conductor from this set of wires (by means of said ground lift switch) will not exactly improve the situation, unless it is combined with a galvanic separation through optics or more commonly a transformer. This is the passive DI solution.
Since you are proposing a microphone input, exactly how do you envision a mains connection to a SM57? Because, if you do not, the ground lift switch will only sabotage your P48 feed (I'd make a silly argument about SM57 and phantom, but I'll refrain, since you obviously think about using other microphones too) and remove the EMI screening.
My advice would be:
1. Connect Pin 1 of the female input XLR by means of a _very_ short and stout jumper directly to the metal chassis. Do NOT connect it to the PCB.
2. Run Pins 2 & 3 to the PCB, using a twisted wire pair.
3. Make certain that the chassis and the circuit 0V are well connected, but at one point only.
4. The output ideally should be balanced, but if that is impossible, and the output -ve is equal to 0V, use a metal 1/4" jack, and only connect the tip to the pcb, instead deriving the -ve from the chassis connection of the 1/4" jack.
5. Save the money from not installing a ground lift.