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1/4" Cables TS vs TRS, Using Mixer Inserts as Outs

I have a M-16DX digital mixer/interface I want to record with. It has 16 balanced line ins (4 with mic preamps).
I plan to buy a Nady PRA-8 to add some more mic preamps, and an 8-pack of short 1/4" cables. I hear it does have balanced outs, but the distances are short anyway. Should I go TS or TRS 1/4" cables? I want to maximize flexibility of things I can connect with them.

PreSonus FP10?

Hey All! Im new here to the forums. I have a question. I am thinking of buying a PreSonus FP10. I still dont understand the difference between the first two ports and the rest of them. It says that the first two are Mic-Instrument ports, and the rest are Mic- Line. I dont understand the difference. I will be recording a full band with this. Here is my setup=