To my knowledge conviction stacks with sunder, but treats the mob as if it was still LI (i.e. only at 1/5th effectiveness)
Example: LI mob with 115 resistance
Without sunder: Conv lvl 12 is -85%, so you still get -17% from the aura -> Mob ends up broken at 98% LR
With sunder: Sunder breaks LI and sets LR to 95%, and then conv works at 1/5th -> 95%-17% = 78% LR
Note that direct -light res like griffon, facets or holding infi yourself still work at 100% effectiveness on broken mobs
So aside from breaking all LI, it also gives you max(0,LR-95%) light pen