The best gutshots I found, LM308, hard to read the other chip (4526P charge pump?):
According to Walrus website it's a 3 mode clipping switch:
"Middle will give you a wide open, non compressed signal." - On-off-on switch with middle lug connected to ground.
"Left will give you some compression" - This setting probably adds in the LED.
"Right will give you a higher amount of compression" - Seems to be D2 and D3.
Might just be the typical RAT clipping with two 1N914 for stock mode, red LED for Turbo RAT mode, and only op-amp clipping/boost in the middle (pretty sweet on lower gain).