That actually makes a lot of sense — the way Supermicro set up the AOM-SXMV is pretty straightforward once you break it down. The OcuLink ports being routed through the PLX switches and then tied to the riser’s bottom slot would explain why they don’t behave like traditional external PCIe lanes.
From what I’ve seen, the PLX configuration essentially just fans out the x16 lanes from the CPUs to each GPU pair, so you’re right — the board itself isn’t doing anything fancy with PCIe switching beyond what the PLX handles. The NVLink connections being passive traces lines up too; they’re basically just high-speed copper links between GPU pairs, no active logic involved
So yeah, it technically “works,” but not in the way a lot of people expect. Those OcuLink connectors are really there to interface with the internal riser setup rather than serve as open PCIe expansion points. It’s clever engineering for density, but not super flexible if you’re trying to re-purpose the board.