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To clarify the system requirements are you talking about having 8 input lanes and 4 output lanes?
If I am understanding that the application correct, then this part should work fine for the application. LVDS is driven by a constant current, so I don't think you have to worry about voltage loss over the switch, the bandwidth for the switch is 900MHz which should be sufficient for LVDS.
If I am misunderstanding the application please let me know!
