I think you'd be hard pressed to get a Jaco tone from a Mustang bass. It's not a tone that I ever want or even try to dial in, but I'd say that the bridge pickup is a pretty crucial component to that secret sauce. I've also never played a Mustang with roundwound strings, my JMJ still has the factory flats on it. But if you wanted to try, I'd say cut bass and boost high mids at the amp, roll off the tone a bit or cut treble at the amp as required, and pluck behind the pickup closer to the bridge.
Also, maybe try a slower attack on your compressor to let more of the initial transient through to get closer to Jaco. Joe is pretty heavily compressed.
Also, maybe try a slower attack on your compressor to let more of the initial transient through to get closer to Jaco. Joe is pretty heavily compressed.
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