I took the bridge apart yesterday and gave to a very good cleaning with Flitz. It looks great, but didn't solve the problem if anything it may have made it a bit worse. Man it took for ever to do. I triple checked the bridge saddles and they are and were in the correct way. Funny thing though, I compared the bridge saddles to my point body series I and the saddles are on the wrong way (reversed) on that bass yet no problems with that bass.
The lock nuts on the bridge are not working properly, I'm not sure why. Sometimes the work properly and other times they don't. I believe that my point body doesn't use lock nuts I think its a screw that is threaded directly in to the bridge. I like that system much better than the lock nuts. I'm thinking of trying the screws from my point body bridge on the small body (the one with problems) and see if they fit and will work. If so then all I need to do is pick up a matching pair for the small body's bridge. Thanks for the tip about the bridge rail screws, I'll double check them to make sure they are good and tight.
When Tim shipped the bass the removed the batteries, just incase of damage from battery leakage. I did put batteries in the bass, but it makes no difference with the overtone problem.
I'll try to take a few pics of the bridge & tailpiece in the next couple of daze. The high pitch feed back sound is back but only on the bridge pick up. I've rotated the tone control a few hundred times and it clears up then returns a day or so later. I may need to replace that pot. Does anyone know if the tone pots are made by Alembic or would I be able to replace it with a similar non Alembic sealed pot?