I'm wiring up my new 7-string with this, well with a few series/parallel switches too. However, I also really like having a three-way switch to positively select one pickup or another at times. It's just one more hole.... In a passive circuit, there is some inevitable interaction between the "branches" of the circuit. It's OK - I'm really used to the Gibson four-knob setup, and I probably keep the three-way in the in-between position 70% of the time. But, it's real handy to be able to choose one or the other - different pre-set volumes etc. There's no downside to the added switch that I see.