EDIT i'm wrong the speaker was inside the armrest.
I wouldn't be surprised if the channel selector wheel was a simple mechanical acoustic coupler rotating to connect or cap upstream source tubes. I remember it as well flying in the late 80s or early 90s.
I get what you're saying, and I think that's plausible. But as far as I'm concerned, an acoustic coupler is/was a type of modem, into which you plugged an ordinary telephone handset. You had to have a telephone that had hemispherical mike and earphone; it didn't work with e.g. a trimphone. Expected performance: 9,600 bits-per-second.