I've used this on a 2 pole 3 position rotary switch for my Proco Rat diode clipping selection. The top LED is mounted externally so if you don't need that, you can just wire up the LEDs back to back, just like the diodes. Lugs 7 and 8 are empty for 'Diode Lift' mode which bypasses diode clipping. I tried putting a connection between them first but it cut out the signal entirely (I believe it was sending all the signal to ground). You can get switches with more positions to have even more options!
And I didn't mention in the diagram but if you do it this way, you probably should replace both diodes of a clipping stage. For my proco rat I've added 2 rotary switches replacing the one diode clipping stage on the circuit: one shown above and another one with Ge diodes and green LEDs.
aka Dead Eye