I think the PTB system has plenty of use on a Strat when using the neck and/or middle pickups. However, over all I don't like it on my Legacy Rustic because 1) the pots are master controls, and 2) Strats have only three pots; my ideal setup for PTB on a Strat would have four pots. On a Strat, I like the middle pickup to have its own tone control; it's very important in they way I use my Strats. A lot of Strattiness is lost when you go to a master tone setup, and also when you add the bridge pickup to the middle pickup's tone control.
On a two pickup guitar with four knobs, though, it'd be killer. A 2xHB 4-pot setup I have wanted to try for some time:
- two-pot PTB system for neck pickup only (where the bridge volume and tone normally go)
- regular tone control for bridge pickup (in normal neck tone spot)
- master volume (in normal neck volume spot)
For a Strat, I have thought of:
- master volume (as stock)
- bass cut for neck and middle (where middle pickup tone normally goes)
- middle tone (as stock)
- bridge pickup has no tone control (as stock)
or
- master volume (as stock)
- dual concentric pot with PTB setup - bass cut (bottom knob) is for neck and middle, and treble cut (top knob) is normal neck tone control. (Or you could make it a bridge tone control if you want.)
- middle tone (as stock)
- bridge pickup has no tone control (as stock)
I can deal with master volume controls, but I really don't like master tone controls on multi-pickup guitars.