Re: p-90 out of phase mod
If a p90 is 2 conductor it is more often than not going to be braided connector.
I would separate the coil wire out so chassis ground is separate.
As to tonally......there is nothing that can be predicted with OOP. It will be glorious or suck based on both the individual pickup and the guitar.
As to modifying tone with mags, there is no way you can predict what will work. That combination works due to the combing of the parallel selection and the phase cancellation. I can't see any benefit to guessing or speculation on what 'might happen'.
I am a BIG fan of out of phase.
I did intalled out of phase on a push pull on my Maxons whose conductor wiring is as you described above, as well as coil splitting (but that's not relevant to this discussion).
I insulated the entire cable with heat shrink tube exposing the last 3 mm of the braid. I tinned the end of the braid and on the terminal of the push pull, I tinned the terminal that would connect to the pickup ground. I prepared the crossover wires then soldered the inner hot lead to the other terminal and then held the tinned braid to the tinned terminal and applied the hot soldering iron to get solder to flow - just like soldering to the back of a pot only more fiddly. It works well, hasn't come loose or had any accidental shorting due to the braid touching any grounded part when the phase is reversed.
I find out of phase sounds pretty good on humbuckers in fact awesome on the 2 humbucker guitars I have installed it on., but not so good on single coils where it can sound very thin, unless you have separate volume controls for the pickups to roll one back a touch. Not the case on my strat...
So on single coils I find using a 0.1uF cap on the switch to send ground to hot fattens that tone and gives a nice scooped sound that retains bass as the cap acts as a bass throttle reversing some of the phase cancellation. I got the idea from the phostenicd 1/2 out of phase mod, just used a different capacitor to throttle different frequencies. I have a blend pot on my strat with out of phase as well as the cap so I can control more of the phase cancellation by prioritising one pickup over another.
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