Depends upon if you want to pay homage to the tone of the original recording or if you want to funk it up a bit ala the Neville Bros.
If you want to be close to the original, I'd go for the vintage "Fender tone" with your Elan, but, if you'd like to take a few liberties and inject a little snap, I'd go for your Series 5.
FWIW: one of my guitar projects is currently covering this tune and we are leaning more toward the Neville groove during the verses, so the bass player is pursuing more of a contemporary sound. He doesn't have an Alembic, but if he had a Series bass, IMO, his tone would be spot on for the purpose.