From what little I've read, the "baritone/bass" switch on the EB-2 is actually a passive
bass cut switch. So, one setting--the one you like, I expect--is the natural sound of the pickup, while the other setting is actually cutting out some of the low frequencies.
Gibson provides schematics for many of instruments including the EB-2 here:
http://www.gibson.com/Service/Tech/Schematics/
Mike