The TBX just gives it a little more bass and treble. Fender described it as "this detented, stacked 250k/1 Meg control enhances your tonal palette. From 0 to 5, the TBX is your standard tone control, but once you pass 5 you start to decrease the resistance, which allows more bass, treble, presence and output to flow to your amp.”
One explanation is "The TBX control actually consists of a custom dual-ganged pot (aka a “stacked” or “stereo” pot), a resistor, and a capacitor that cuts the bass and treble out of the circuit, depending on which way you turn the knob."
I think it gives it a bit more "jazzy sound" to it. I usually set mine at 7 unless I'm using the P-pickup and then I roll it down to about 2.
One explanation is "The TBX control actually consists of a custom dual-ganged pot (aka a “stacked” or “stereo” pot), a resistor, and a capacitor that cuts the bass and treble out of the circuit, depending on which way you turn the knob."
I think it gives it a bit more "jazzy sound" to it. I usually set mine at 7 unless I'm using the P-pickup and then I roll it down to about 2.