The ground switch is a throwback to the old two prong power cord days when you couldn't be sure what polarity the plug would be. It also was useful in certain applications to reduce noise. Matchless and others used this even on 3 prong amps as late as the early 90's. Electrical code and safety concerns have made it mostly obsolete. Although I've never personally heard of a shorted ground cap, it is a possibility. I'd not bother wiring it in; just use the switch for some other function.