Yes, Rusty - that's what I'm discovering. It's not about volume, it's about clarity - dialing in the tone that best conveys what your fingers are doing (different for everyone...) and tweaking it so that it sits in the mix (different for each band, room and even each song).
Prior to having this much versatility at my finger tips, it was a little more challenging to accomplish this. Sort of like using a knife when a precision scalpel would be more appropriate.
At first glance, the Series II electronics seem complex and confusing, but after you get accustomed to thinking differently about how to shape your tone, they make perfect sense and are actually the perfect tool kit for the purpose.
Not to keep beating this, but the stereo capability is not a gimmick - it's really key to the tone shaping. Having the ability to separate the treble and and bass pickups makes it so much easier to dial in the correct tone for each and then blend them as required for the situation. And - having a global master volume is just the icing on the cake.
I can't believe I've missed out on this all these years...oh well, better late than never - !