Nothing as detailed.
You can select between the Rift audio output, windows default. That's it.
Not two other options, the steamvr allow you to select between any connected audio device.
For me who uses my regular set for both VR and regular desktop use, would have to use banana and set some convoluted scheme of audio device outputs and mirroring.
There is a mirroring option in the Oculus setup now, but I couldn't get it to work - it seems it only outputs 2 channel (Left/Right) via the Rift and the Onboard Soundcard and not the 2.1 with sub channel needed to drive the bass shaker. Thinking about it you might be able to plug the sub/bass shaker into the left/right output, but that might cause issues, by not getting the bass separation needed to drive the shaker....
I had a thread on this section regarding something very similar the Buttkicker Gamer2. so i can now answer some of these questions.
Yes Rift now has a Audio Mirroring option in the Audio section of the headset, and it does work if setup correctly, you need to make some tweaks to the Rift Mic setting in the windows audio section to stop your hearing yourself over the rift headset.
I opted to continue to use Voicemeeter software, after i was instructed on how it works, and once setup it works brilliantly and the software is FREE, so a no brainer really. It has it's peculiarities, like it HAS to be first thing to start on your PC, and if Rift home starts first, voicemeeter throws a hissy fit, but you can just restart home. As long as it comes on first and that includes the hardware amp of the Buttkicker, then the sensation is the NEXT STEP in VR. Man those Canon and Railgun hits on your hull sure give you a kick (In the Bottom).
One more point i found that by going back into the Rift headset audio settings and selection 'Windows Default' option help settle down Voicemeeter, as VM is the windows default playback device.
Anyone want some help setting this up, please feel free to contact me. I am by no means an expert on this now, but for 3 days i struggled to get this working in ED with the Rift and Voice Attack, so even if i don't know all the answers, i can tell you what won't work to save you the struggle.