I'll go one better than even that...
not playing the bass at all can sound fantastic if used well in the orchestration (with a small 'o') of the piece... your bass sounds 10x louder if you blast in for a chorus after having sat out for 8 bars or so
obviously not every song will need this (now the grunge era has passed

) but it can be the best value for effort thing you do on the bass
and 'When Doves Cry' had no bass guitar or synth at all.. and it was a classic