Below is the output of the test script with echo on in Matlab.
spec = [1 1 1 0 0 0 1 1]'; % Lowpass cutting off at fs*3/8 format short; mps(spec) ans = 1.0000 - 0.0000i 0.3696 - 0.9292i -0.2830 - 0.9591i 0.0000 - 0.0000i 0.0000 + 0.0000i 0.0000 + 0.0000i -0.2830 + 0.9591i 0.3696 + 0.9292i abs(mps(spec)) ans = 1.0000 1.0000 1.0000 0.0000 0.0000 0.0000 1.0000 1.0000 ifft(spec) ans = 0.6250 0.3018 - 0.0000i -0.1250 -0.0518 - 0.0000i 0.1250 -0.0518 + 0.0000i -0.1250 0.3018 + 0.0000i ifft(mps(spec)) ans = 0.1467 - 0.0000i 0.5944 - 0.0000i 0.4280 - 0.0000i -0.0159 - 0.0000i -0.0381 - 0.0000i 0.1352 - 0.0000i -0.0366 - 0.0000i -0.2137 - 0.0000i