There's a small writeup about the MuppetX modchip at xbox-hq.com:
https://www.xbox-hq.com/html/article1692.html
Wayback Machine captures of various installation picture pages from xbox-scene.com:
v1.0-1.1
v1.2-1.5
v1.6/1.6b
It has a 1MB flash chip on it - SST49LF080A but I don't see where you select the bank to boot from if it actually supports more than 1 bank.
Update: I see now the switch on it is the bank select switch, not to enable/disable the modchip, but to select one of the two 512KB banks. From what I've read, flashing the chip with Evoxdash use a 1MB dot bin file with the BIOSes combined into one file with the bank select switch set to bank 1.
copy /b 512KBBIOS1.bin+512KBBIOS2.bin my1MBbios.bin
If the BIOS 1 and 2 are actually only 256KB then create the two 512KB BIOS1 and BIOS2 files:
copy /b 256KBBIOS1.bin+256KBBIOS1.bin 512KBBIOS1.bin
copy /b 256KBBIOS2.bin+256KBBIOS2.bin 512KBBIOS2.bin
Or much easier using the Xecuter2 BIOS Manager (X2BM) and load the first 2 banks with the same 256KBBIOS1.bin file and the last 2 with the second 256KBBIOS2.bin file. Select all 4 banks and save the new 1MB dot bin file.