As I had mentioned above, I like some distance assuming bleed is not an issue.
Why would bleed be an issue?
Because hardly anyone can play a track top to bottom without big punches and computer fixing.
You'd be surprised how many records you hear are not just plug and play.
This idea of moving the bass to align with the kick drum, sampling vocals to move around, and of course the ever present pitch correction and Beat Detective (to create perfect time).
As a dinasaur, I am doing much less engineering these days as I like more of an organic approach.
Not that long ago, a local band would have never walked in the studio with the understanding that someone will fix thier lack of skills.
(said in an old gezzer like voice) In my day, you had to show up and play the damn thing with only a minor punch or two.
A lot of acts these days couldn't play their way out of a paper bag.
This would not be studio players, but groups and artists that are learning their craft.
Also, sometimes the chours should push the groove a little only to get back to the original time on the 2nd verse.
Edit: The only time I've used any Shure mic on bass was at a local level live sound gig. As mentioned above an RE20 or 421 for pro level / studio work for electric bass works well (for me).
This is a quote from Geoff Emerick describing how he mic'ed Paul McCartney's bass amp on Sgt. Pepper when the track was being recorded separately without any concern for bleed from other instruments. The figure-of-eight permitted some room ambience to be captured. His technique for bass was to place the mic on the floor a few feet from the cabinet. It was usually a large diameter condenser mic.
When recording, what you want to do is experiment and see what works best for you. You never know till you try it.
I switched to an AKG C12 set to figure-of-eight. We would record Paul's bass in the middle of Studio Two on the hardwood floor, with the amp miked up from about four or five feet away, as I said, in figure-of-eight, and that added the halo effect by putting a little bit of room around it. You can't really detect it but it's there. I think the bass sounds great on Pepper. I'd been fighting to get a sound like that for ages and I finally got it!