Does Cloth and Chain double dip with Iron Reflexes?

Does the Cloth and Chain node below Duelist start area double dip? Like, if I'm wearing all Evasion/ES armor does it amplify that Evasion rating, then convert it to armor via Iron Reflexes, and then amplify the armor count?

Or does it just amplify Armor I already have?

Thank you.

no. it works exactly like all other conversion and conversion happen before any increases and a single modifier cannot affect anything twice ( you can think of it the same as " increased elemental damage %" node with elemental conversion)

only thing that double dips in this game is damage over time effects ( unless I forgot something very special, but hey its my first cup of coffee)

edit: it will affect all armour and evasion you have once thought, just realised that was what you were asking. ex. 500 armour 500 evasion chest -> converts 500 armour + 500 armour(this one is affected by armour increases and evasion increases) both get increased by 24% of cloth and chain -> 1240 total armour