Seriously, no body knows.. knobs are like a J bass set up so V/V/T, the volume switch is a pickup selector, and the tone switch I 'THINK' assigns tone to different pickups. But It's a very subtle change.
These are getting super super rare - when they were released in the 80's they were a total flop, really goddamn heavy and an impractically wide and flat neck - BUT THEY SOUND AWEEEEESOMMMMEEEEEEEEEEE
Thanks, rohanarchy, only another Elite owner really understands the knobs functions, I was hoping that the videos could shed a little light on their exact usage, without me typing a thousand words, and not really being able to explain myself.