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LSF0204D: Bus switching between number of devices

Part Number: LSF0204D
Other Parts Discussed in Thread: TS3USB221, , SN74CBTLV3257, TMUX1574

Tool/software:

Hi, I have a requirement of switching SWD lines (programming signals from STLINK) and SPI Lines (from Host MCU) between a number of devices. This is a bi-directional data transfer in the 3V3 logic domain on both  sides. I have previously used LSF0204DPWR for level translation. But I am not sure if this is suitable for Bus switching and fast signal (12 MBits/s roughly). The image illustrate what I am trying to do. 

Ideally I do not want to use any pull ups. But I know this device requires them. I could not find any other suitable device that can automatically do the bi-directional transfer. When disabled I will require the ports to be high impedance/tri-state.

Do you think this will work? Thanks