This is something I've seen come up in many places...
As many people have stated (including Rick Turner in a BP article) string length beyond the bridge or nut has *absolutely NO* effect on tension.
It's simple physics: for a given string (say, a .125" low B),
tension/pitch/length are directly related:
-increasing tension will raise pitch
-increasing length will lower pitch
The ONLY way to have a tighter B-string on a 33" scale is to use a heavier string. (That might mean a .125" with a heavier core wire, making a more *rigid* string...which is different than a *tighter* one).
--------------
Now, the concession:
The fact is that some people who know a thing or two about basses are convinced that the extended B makes a difference.
The only factor I can consider that would be affected by the "extended B" scenario would be the *elasticity* of the string - that is, the amount of "stretch" available along the length of the string. An instrument with a Floyd-style locking nut would be said to have no "stretch", whereas an archtop guitar with a trapeze tailpiece and long headpiece would have a substantial amount, by virtue of the long string extension "beyond the scale".
The tension of a .125" string on a 33" scale tuned to 30.8hz is a constant. However, a bass that had 50 feet of string on either side of the bridge/nut would certainly have more material available for longitudinal oscillation. This might translate to freer vibration, and therefore clearer sound.
This is an iffy point, since this mode of vibration is probably not a big component of the sound, but it's the only variable I can see at play here...(other than psychology...LOL).
If it sounds good, buy it.
Peace,
Martin