My PS-2 arrived yesterday from the yard sale and I've been thinking on this myself. I'd love to output unbalanced from the PS-2.
My setup is Avantone CK-1 > PS-2 > M10. Since the M10 is unbalanced I've been running with balanced/unbalanced adapters.
I'm going to go with Nick's plan of desoldering the 5 conductor cable (saving to undo the mod) and wiring the jumpers and a 3 wire connector.
While there is debate as to whether shorting one half of the balanced signal to ground is a good idea, it works with my setup. Your mileage may vary.
A good way to test is to build an adaptor with two FXLR connectors to a single 1/8" mini plug, wire pin 1 ground, pin 2 hot. On the 1/8" end wire Pin 2 for one xlr to Tip, Pin 2 for the other to Ring, and ground from both to the sleeve.
Test.
Then add a jumper between pin 1 and 3 in the XLRs. See if it works better or worse.
FWIW, I run a repair shop for a production company and our standard is adapters with the jumper.