无需额外训练，用激活值直接路由LoRA参数记忆库。

With the rise of parametric memory, LoRA-based External Parametric Memory (EPM) has emerged as a modular solution, but existing routing methods often introduce additional training, deployment, and maintenance overhead. This raises a natural question: can a LoRA-based EPM bank be routed without maintaining an additional routing component? However, existing zero-shot LoRA routing methods still face two problems under the EPM setting: (1) their evaluations are scattered across different task settings rather than organized around EPM access, and (2) their routing signals lack a unified perspective to guide systematic improvement. To address these problems, we organize PMD-Bench, covering document-level, domain-level knowledge, and task-skill, and propose Parametric Memory Decoding (PMD), the first framework designed to systematically improve zero-shot LoRA routing by reframing it as decoding activations over external parametric memory. Based on PMD, we further instantiate PMDRouter, which scores each LoRA by its response magnitude from a single base-model prefill. Experiments on PMD-Bench show that PMDRouter achieves the strongest internal-signal performance across multiple zero-shot routing settings. These results demonstrate the feasibility of zero-shot LoRA routing and suggest that PMD can serve as a general framework for improving zero-shot routing methods. Sources: Github (https://anonymous.4open.science/r/Parametric-Memory-Decoding-872A/)