First, a massive and very sincere thanks for all the expert and incredibly helpful/creative input - I really do appreciate that the community here takes the time to respond with very positive and thoughtful suggestions and solutions.
Just a very quick update with more to follow and some detailed responses to suggestions:
For now, I've decided to focus on problems 1 and 2 - these are the issues that imply that the bass is functionally out of commission. The LEDs are not actually 'broken' and are sufficiently bright to use in pretty much any real-world situation. It's probably a good idea to leave them for now and return to address a reverse of the mod when the more important issues are resolved. The only practical problem with the LEDs is that the mod implies more 'mass' of materials inside the cavity, and the latter is pretty cramped anyway. However, thanks again for the very useful suggestions - the internal trim-pot sounds like a great idea and if I can install this (or have it installed) with Alembic-supplied parts in the UK, then probably something to consider carefully.
Squeal - I had a further look at this last evening and followed the advice re: the turning all the pots many times. Probably a little ridiculous but I hadn't considered the interaction between the volume, CVQ and filter pots. After around ten minutes of rotating everything - a good opportunity to catch-up on the day's news - I tried the bass again. Unfortunately, a very minor impact on the squealing, if anything. I had a very careful look inside the cavity, not that I really have the expertise to recognise anything, and checked for pressure on connections, loose connections - as mentioned above, there's a fair amount of material/components in the space and it's fairly crowded. As I was looking around, I just let the bass squeal, though at very low volume in order of keep the neighbourhood happy. As I was very carefully fiddling, I noticed that touching a component attached to the cvq (I'll provide an image later) made the squealing louder and more pronounced. Then I noticed that - very carefully repositioning the component by pushing it back a little - made the squeal disappear completely. Sort of very good news but I haven't got to the bottom of the issue yet. Maybe a poor connection/joint or maybe something else - I didn't have good light and didn't have a magnifying glass. I'll take another look in the next hour - the light is little better in the North of England this morning but at least I have a glass. I'm hoping that just moving the component a little is an easy and reliable/durable fix!
On a related issue of the reverse connection of pickups/controls, I haven't had a chance to look into this but will do as soon as I can. Again, thanks for the advice, I'd become accustomed to the control layout but hadn't considered the potential negatives of operating the bass this way...I will now!
Pickup selector - some fantastic ideas here and I had a Brown Bass with the selector on the lower horn - I didn't disassemble the bass at all so hadn't realised there was some kind of key. What an excellent idea and possibly something that could be fitted/retrofitted with the non-plate series basses. As you suggest Jimmy, some of the fixes are very expensive and it's a little galling that all I really need is about 1/12" inch of thread. The problem is definitely on the switch housing - there's some corrosion and it appears that the body of the switch isn't particularly robust. I've just received some Loctite Blue (medium strength) and will try that later, however, the key idea sounds like an excellent one. I'll think about how it might be possible to create something here. An alternative - this came to me during the night - is to approach my sister-in-law. She's an excellent engineer with a well-equipped workshop - she makes her own diving gear (which requires tolerances and quality control of a level even beyond those found in the bass world!). I'm considering asking her to make a threaded tube with a collar - a threaded insert that is sufficiently slender to fit down the hole to grasp the remaining thread on the switch, with a nut-like collard that will fit above the face of the bass and hopefully lock the switch in place. Jimmy, if all goes wrong/fails, then the pre-wired switch, though an expensive option no doubt, sounds like the way forward. The soldering is way beyond my capability!
Stephen, Jimmy - thanks again for your generosity - some excellent input!
More soon on developments and outcomes,
Cheers, Loz