Yes that is correct, I replaced the neck pickup and kept the stock bridge pickup as the P pickup in P/J setups does most of the heavy lifting although I may replace the bridge pickup in the near future as I found that the pickup swap actually made the bridge pickup more useful by getting rid of the scoop with both pickups on. I think if I was going to go passive I would go Volume,Blend,Tone, Series/Parrallel
I think maybe the scoop experienced previously with both pickups on was more the preamp than the pickups, do active basses generally have a scoop in the mids with both pickups on like passive basses do?