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Look at the screenshot:

I got more SP than liquid Steem.
0.202SP to 0.197 liquid Steem, with 0 SBD.
https://steemd.com/b/27973712#d941caa445e6cd0ed35aebf02b24d6945b70191e
I guess that it is due to the conversion of SBD to Steem that he wrote about, that is performed in order to calculate how much liquid Steem a user receives.

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Correct.
I just switched back to a 50%/50% after I read your reply.
Does an automatic conversion of SBD to Steem occur in the calculation of author rewards in cases where liquid Steem replaces some or all of the liquid SBD?

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This comment has received a 68.75 % upvote from @steemdiffuser thanks to: @atempt.

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You got a 100.00% upvote from @sleeplesswhale courtesy of @atempt!

This comment has received a 100.00 % upvote from @steemdiffuser thanks to: @stimialiti.

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You got a 66.67% upvote from @sleeplesswhale courtesy of @atempt!

Yes, at this moment, with nearly all the SBD-payout going into STEEM, it makes little difference which payout option one chooses.

SBD has not been below $1 for a year, hence I suspect many have forgotten to switch payout option, but this low SBD Print Rate has done everyone a favour as it increases overall payouts by having the same effect as the 100% Power Up option.

I've been writing about changing payout option for a couple of weeks and many seemed mystified. Whenever SBD print rate returns to 100%, I'll post about it again :-)

For now, as you say, one need do nothing - just be aware of what may happen when the SBD debt ratio falls below 9%.

I believe this is the correct take. I have seen payouts of Steem, SBD and SP all on one...
Don't jump into 100% payouts, just yet, ya all!!!