Line6man, the switch in question is "preamp on /off", not active / passive. Note that the output still comes from that potted preamp. With the switch off, the bass will have no output.
On my DMZ6000 this functionality is handled by pulling the cord out which breaks the battery connection to the electronics. That, however, also seems to be a feature of Whale's bass. The switch just seems to give an option to turn off the electronics with the bass still plugged in. I'm not sure whether Whale's bass predates mine or is a later version, so was that an added feature or something that they decided was irrelevant?
I agree that if that switch had the dual function of changing the audio circuit to passive, it would be extra useful. Looking at the wiring diagram again, yes that would be an easy mod by fitting a dpdt switch. A plus is that an identical looking switch would be easy to source, unlike the pickup selector which has an unusual handle.
On my DMZ 6000 I'd have to drill a new hole to add the switch. Also I'll have to look again, but my recollection is that the tone controls, which are baxandall - type treble boost / cut, make use of the preamp (probably some op-amp), so by switching to passive mode I'd lose that functionality. Which admittedly would be lots better than having a non-functioning bass if the battery died mid-set!