As far as I know the LVX6048WP does not have passthrough capabilities. I believe its has an online double conversion design. That means AC comes in and is converted to DC to charge the battery if necessary, and the inverter part of the design takes power from the DC source and produces AC for the output, hence double conversion - AC to DC to AC. That way if the AC fails, the battery is still the source of power for the output.
Inverters that have passthroughs use a line interactive design and pass the AC power directly through when it is available and quickly switch over to DC inverted power when AC fails. The switching is controlled by an automatic transfer switch that switches in less than half of one AC cycle (16.7ms). When the inverter isn't inverting, the inverter's passthrough simply connects the output to the input allowing the grid to power the load directly. There is no inverting in this case.
Inverters with pass-through always describe their transfer switch capacity and their switching time, for example 63A or 200A, and <20ms (50Hz) or <16.7ms (60Hz). The Solark model uses a line interactive design and has a transfer switch. The LVX6048WP does not describe either, and I believe all MPP Solar models are double conversion. They are basically traditional DC to AC inverters with an AC charger, AC generator input as an alternative, and PV DC inputs added to them.
The significant distinction between the two designs is the crux of your last sentence. With a double conversion design, you are limited on the output side by the capacity of the inverter i.e. 5kW or 8kW, etc. A typical house has a power service of 24-48kW. This means to power everything, you must divide your loads between a main panel directly connected to the grid, and a critical loads panel directly connected to the output side of the inverter. When the grid fails you cannot run any of the loads on the main panel. With a line interactive design you are limited by the passthrough, i.e. 63A or 200A. With a 200A passthrough you simply have one main panel connected to the output side of the inverter. You can run everything from the grid without overloading the inverter. When the grid fails, you can still run any of your loads as long as you don't overload the inverter. The line interactive design is therefore more flexible.