Right, all it does is attenuate the control signal coming from the expression jack. The Exp knob is not connected to the envelope follower section.
So, more specifically, the Sensitivity knob controls the gain of the audio signal that goes into the envelope follower section. The XD came out before I started putting block diagrams in the manuals, but maybe I should draw one up to clear all these things up. There's no standard for control naming schemes in pedals, but for the most part what I've called Sensitivity is exactly the same as what another builder might call Envelope Depth in another envelope filter pedal. In theory, you could be controlling the gain of the audio before the envelope follower, or the gain of the control signal that the envelope follower spits out, but in most cases this will have exactly the same effect. You definitely wouldn't want to have both, because it wouldn't add anything and would just make it that much harder to find the setting you want.
I use the term Envelope Depth in the FMeron because that pedal's envelope works differently than the XD - on the FMeron, the envelope's start and stop points are set by the FM and Env Depth knobs, and the envelope will sweep through this precise range regardless of whether you play a loud or quiet note. A lot of thought and prototyping went into that decision and I can talk more about it later if anybody's interested, but I gotta get back to boxing up your Dubterraneas!
Sometimes the tone of the signal does actually affect the way the envelope responds. For example, if you whack the string hard against the frets, the attack portion of your note tends to have more high frequency energy, which decays quickly, leaving mostly fundamental and low harmonics that sustain longer. If you turn the tone knob down on your bass, that attack portion will be turned down and the envelope follower will not open up as much.
In your specific example,
@movinngruvin, I think you could achieve what you're looking for by just turning up the Frequency knob. It has the same effect as sweeping the expression pedal up.