Dear
vinnie1971, thank you a lot for your inputs! It really made me think the whole wiring rationale in a better way. I must confess I probably did not catch/understand all the details you described on how to perform the modifications in the wiring, so I had spent some time thinking on how to apply the general concept.
From your comments, I understood you mentioned that it would make more sense having a "Neck + Bridge" tone control rather than "Middle + Bridge", because in real life, based on the options out of the 5-way switch, Neck and Bridge pickups will never work together, so having individual tone controls for Neck and Middle and Middle and Bridge would be more appropriate (no function overlapping). Please let me know if that was the idea you were trying to pass (Hopefully I could describe it clearly ... I'm not a native English speaker!

).
So, please have below the "version 02" of the wiring diagram proposal:
The modifications are:
- The previously "Neck tone" pot became "Neck/Bridge tone" pot.
- The previously "Middle/Bridge tone" pot became "Middle tone" pot.
- I moved the tone capacitors from one tone potentiometer to another to make room for the bridge wiring together the neck wiring.
- Now, when the new "Neck/Bridge tone" pot is in "down" position, it will be controlling both Neck and Bridge tones at the same time. Taking into account that Neck and Bridge pickups will not be working at the same time in any possible switch position, it should be fine.
- When the new "Neck/Bridge tone" pot is in "up" position, it will be controlling only Bridge tone (Neck tone will be off). As I'm using a push/pull pot, I had to decide if I wanted to control one or another tone. My intuition tells me that Bridge would be a better option. Would you agree?
- Finally, based on a comment of another colleague in this forum (Clint 55 - Post #2) and further research at internet, I decided to add a treble bleed circuit ("Kinman").
Please let me know if I could correctly capture your idea.
Thank you again.
rdm_chem
Squier Affinity.pdf