Contextual Representation Flow Across Depth in State-Space and Transformer Architectures

State Space Models (SSMs) have emerged as efficient, linear-time alternatives to Transformer-Based Models (TBMs) for long-context processing. However, their different mechanisms raise an important question: how does contextual representation flow across depth differ between these model families and their hybrids? We examine this question across twenty-one pretrained models, combining token-wise spectral diversity, layer-wise variation on seven datasets, and answer-location probing on two retrieval tasks. This joint analysis reveals that TBMs retain most of their token diversity at the output, whereas SSMs reach richer intermediate diversity but retain less of it on average, with late-layer compression. Comparisons with reinitialized weights reveal that these profiles depend on pretrained weights, while hybrids combine strong answer-location accessibility with architecture-dependent geometry, showing that high accessibility need not require the steadiest representation flow. Finally, we conduct theoretical case studies connecting these contrasts to mechanism-level differences: query-time token mixing in TBMs, repeated recurrent updates in SSMs, and preserved attention updates in hybrids.