A no-load tone pot is effectively bypassed on 10, so the treble bleed wouldn't be doing anything. As soon as you touch the tone knob at all, the treble bleed would resume working.
I personally dislike treble bleed circuits and prefer to use 50s wiring instead. IMO a treble bleed using only a capacitor is painfully harsh and requires a resistor to be added in series to tame the effect somewhat (the Kinman circuit). Unfortunately the specific cap and resistor values need to be tuned for each guitar and pickup which can be a real PITA. I also like the volume & tone control interaction that 50s wiring offers, so I don't bother with treble bleeds.