Thanks Vintageman, I think you are right. I replaced the electrolytic caps with non-polarized and it made no difference in the behavior (go me for reading the schematic right!). I went ahead and boxed it up, replaced the DC jack with the typical plastic one (I figured out the metal was grounding the whole thing out, being center negative and all), and gave it to my bass player. It seems to work quite well and she is happy with it, as long as she doesn't play multiple notes at the same time!