WV logo inlay on 12th fret? block, or crown? actually, the crown could be a nice idea - simple and classy.
its not really a volume pot bypass. assuming you wire the pickup to both ends of the pot, you just toggle the output between the pot wiper and the 'hot' end of the pot. you still have 500k still in the circuit with the toggle set for maximum. this minimises a sudden change in the treble.
on the union jack steinberger i used a DPDT switch and did the same with the tone.