I modelled the various wiring options in LTspice and here is what the results look like in the frequency domain:
Modern Wiring with no Treble Bleed (just showing 1k - 10k range) - note how the peak frequency moves left as the vol control is rolled down (10 - 8 - 6) (tone is at 10). This is why things get muddy when vol rolled off with modern wiring.
Modern Wiring with Treble Bleed (250k + 500p): big change - now there is a lot more treble being preserved as volume goes down:
Finally, here is 50's wiring - note treble preserved in a more subtle way:
Simulation had pickup inductance 4.4H, resistance 7.8k, (ie humbucker) and capacitance 120p into a 500p cable and 1k amp load.
Modern Wiring with no Treble Bleed (just showing 1k - 10k range) - note how the peak frequency moves left as the vol control is rolled down (10 - 8 - 6) (tone is at 10). This is why things get muddy when vol rolled off with modern wiring.
Modern Wiring with Treble Bleed (250k + 500p): big change - now there is a lot more treble being preserved as volume goes down:
Finally, here is 50's wiring - note treble preserved in a more subtle way:
Simulation had pickup inductance 4.4H, resistance 7.8k, (ie humbucker) and capacitance 120p into a 500p cable and 1k amp load.