I think you are correct observation that it could be "different" equilibrium. I'm a bit confused to be honest.
I see that his precise claim is that the two groups of applications are both "Odd under time reversal" which is clearly a technical concept, and I don't quite feel I understand what it means well enough. Reading again I see he clarified it to just mean that entropy production would be equal but inverse if run from the other direction. So I think you are more correct. I don't think it affects his claim that the transitions contain equal but opposite amounts of work? Do you?
I think the meaning is the same, as in the thermodynamic potential. But what I was trying to convey earlier is that I find it most interesting that he is saying the path selection of the system does work, is a term into total value of entropy. I know this is obvious at some level. We define entropy as a property of a state, in relationship to the frequency of states like it in the phase space of a system, and more importantly how likely those stares are to occur over time evolituon of the system. But that is in some sense a post hoc observation used as a definition (why entropy is so slippery sort of). What I think England is getting ready to talk about (I have only started his paper) is the way that path selection is a causal term of work production. This opens up types of path selection dynamics that support "improbable structure"... which must be constructed, without violating the second law. Which is arguably what we have.
in other words the way to read it is more like.
lnρ(x−τ)-lnρ(x+τ)=ω+βQ[x(+t),λ(+t)]
lnρ(x−τ)-lnρ(x+τ) = \triangle { path }_{ x+\tau }\\ \\ \triangle { path }_{ x+\tau }=ω+βQ[x(+t),λ(+t)]
In other words here is an "entropic potential entergy" that literally does work through path selection. The reason is because I'm interested in the idea(of Verlinde and others) that Quantum Mechanical Gravity may be sort of configuration-ally specific, sensitive to, or varying through configuration or "information" ? This is I think what Verlinde is getting at with Holographic Entropic Gravity
And oh yeah, this is all over my head, but that doesn't stop me one bit (in the ensemble average anyay)

. Actually Verlinde's paper, is pretty readable of the first bits. But it is conceptually a twistor.

Pretty controversial I think. But there is a lot going on in the Loop Quantum Gravity side that I am of a beer betting mind, is going to crack the mystery of entropy, at least in half.
I'm making a concerted effort to get better with Latex, because I want to understand the very equations - not translations of them, or to clarify translations straight from the source.
This is probably all just me getting a better, or at least fuller, understanding of the subtleis of thermodynamics
