S,
Thanks for the pics..
In theory, when in the pool mode, water should go mainly to the pool with some water going to the spa which causes the spa to overflow into the pool. In your case you are running 50% pool and 50% spa. The spa water goes down through the check valve and most likely comes out of your spa jets. Obviously, if water is coming out of the jets and overflowing into the pool the check valve is working in the open condition. When the pump is off the check valve should close and is there to prevent the spa water from going into the jets and back up through the check and then into the pool.
The very first test is to let the spa water drain down and see where it stops. If it stops just below the jets, then most likely the check valve is not working. But, if the spa drains down well below the jets, then the problem is with the spa drain plumbing.
If the spa stops draining just below the jets, then as a test, turn the manual valve above the check valve off and see what happens. If the spa no longer drains down, then the new check valve is bad or leaking.
Where does your spa stop draining down?
Thanks,
Jim R.