I don't use this "tee" feature myself -- but I don't believe the approach you're using is quite right. With a device like this, my understanding is that you need specify the device, and then tee the output to ffmpeg for processing.
Something like this, based on the Magewell example in the repo:
CMD1_DEVICE="/dev/video0"
CMD1="ffmpeg -thread_queue_size 1024 -y -hwaccel cuda -hwaccel_output_format cuda -f v4l2 -i $CMD1_DEVICE -thread_queue_size 1024 -f pulse -i alsa_input.pci-0000_08_00.0.stereo-fallback -c:v h264_nvenc -b:v 70M -minrate 50M -maxrate 95M -bufsize 150M -vf 'hqdn3d=1.5:1.5:6:6,scale=3840:2160:flags=lanczos,unsharp=5:5:1.5:5:5:0.0' -c:a eac3 -strict -2 -b:a 6144000 -ar 48000 -af 'volume=2.0' -vsync 1 -async 1 -f mpegts -"
I don't think the Magewell capture utility factors in...
