There is no documentation, but the Faq on Swap Magic's official site states that their discs were never made to boot PSX discs, and they actually recommend Breaker Pro.
Mine doesn't have the Action Replay stuff, which is what I prefer. I believe you need the Coder's version if you want the cheats and stuff.
I seem to recall there was a workaround that installed something onto a memory card to allow for PSX booting, but to be honest I haven't cared enough to dig into it, as I can't think of any PSX games I want to pirate.
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