Not Necessarily. A JFET is constructed differently than a BJT transistor. The biasing trimmers are setting the voltage on the drain. With no input to the pedal you should have zero volts on the gate. Voltage on the drain should be same as voltage on the source. When you apply the input and it is going negative, the JFET will start to restrict the electron flow through the device and as you reach pinch off voltage, will stop the electron flow. Now drain voltage will go up and source voltage will go down. An easy way to think about it is like a garden hose. Turn it on and water flows freely, a JFET with out gate voltage. Now start to pinch the hose with your hand, water flow is reduced, pressure up stream of pinch goes up. When you pinch hard enough, flow stops. This is like a JFET as gate voltage is applied, when gate voltage reach Vgs off it doesn't conduct.
So by bias voltage, I assume you are talking about drain voltage, which is pin 1 on a J201.
Also I'm not so sure a 2N5458 will substitute for a J201 in this circuit. A J201 has a Vgs off of -.5 to -1.5, a 5458 has a Vgs off of -1 to -7, what you would have to do is test a few out and find one that is in the -1 range. If it was a JFET buffer, than most likely it would work, but this is being used as an amplifier.