If none of that works then the transducer may have some damage. They distort under heavy spikes when they are trying to fail. The very thing that makes them sound great, high tension, also kills them eventually.
I use low tension solo gauge or nylon strings most of the time. Will this increase the life of the pickup?
Mine's been sounding funny lately. Sometimes there's a dead spot on the G string around B to Db. Can a faulty pickup cause this? It's hard to say if that's the problem though because it's intermittent.
On my basses the wheel seems to act kind of like a blend knob between a "J" pickup and a "P" pickup. pointing straight up sounds fatter and kind of scooped mids. straight to the inside of the bridge and it sounds more middy. straight towards the corner of the leg and the signal is lower and kind of a blended sound that's in between the two. I think the in between is deader and maybe more feedback resistant while the straight up or to the side more lively/responsive. I tend to move it around depending what strings or amp I'm using.