Correct. The Glasshole has an expression jack that is used to connect to the Tappy or Wavelord. It disconnects the Glasshole LFO and the LED is then driven by the TAPLFO.
That project ended up being the basis for the Parallax pedal I did for Function F(x). But, in that case it uses two LFOs to drive a phaser and tremolo that are purposely made asynchronous. It's actually way more interesting effect to have two mixed pulses together in the same effect.