Artie - you are absolutely right about avoiding a circuit with two caps (and tone pots) going to ground in parallel. However, you could wire a Strat with one cap for the neck and neck/middle and another cap for the bridge and bridge/middle, leaving the middle pup alone position without tone control.
Might be good in some situations, say you want a .0015 tone cap for the neck pup to get that "woman tone" but the bridge pup is top heavy and you want a .0033 on that.
Just a thought...
Chip
I don't think its economics as much as functionality. If you used two caps, they'ld be in parallel in the notch position. It would be like doubling the cap value and you'ld lose most, if not all, of the high-end. If they were both .047, you'ld lose most everything.![]()