Hey Jazzyvee,
Again, these parts are fascinating to us in here but the audience for them is, shall we say, limited. We hope you can find a drawer to put them in and just hang on until somebody from our small community has a need.
Here are my thoughts on that mystery 1/4" jack:
#1, if only the bass were plugged in it would serve as a stereo output and probably even drive headphones.
But, #2, because of it's mounted right next to the 5-pin bass input I suspect it was added as a redundant input to be used in case the power supply failed. All you'd need is a stereo guitar cable from the bass's 1/4" jack to that input and you'd be back into the rig with the bass running on battery power. That's my current theory (a-hem, which is mine), that it's a backup input.
Jimmy J