Jasper, thanks for providing the link. Bruce, yes an electrostatic element can very reasonably be thought of as a giant capacitor, although the resulting impedance variation as a function of frequency will be modified by the step-up transformer that is usually used to drive the element.
I wouldn't expect a great deal of variation in bass response to result from differences in impedance interactions between the different output taps and the speaker's impedance vs. frequency characteristics, though. The reason being that the relatively low output impedance of all of the taps on the Ref150 (for a tube amp) results in all of those output impedances being much lower than the speaker impedance at low frequencies. So with respect to the effects of impedance interactions I would expect the most notable differences among the three taps to occur at higher frequencies, where amplifier output impedance becomes increasingly significant in relation to speaker impedance.
Also, of course, the concepts of bass damping and woofer control that come into play with dynamic speakers are essentially inapplicable to electrostatics.
Although it seems possible that the distortion characteristics of the amplifier could be significantly affected at low frequencies as a function of which tap is used. John Atkinson noted in his
measurements that "over most of the audioband, and when the load impedance is very much higher than the transformer-tap value, the Ref150 offers low distortion." Although it should be noted that that comment was based on measurements performed at power levels of just a few watts or less, and it could be a different story at power levels approaching the amp's maximum.
Best regards,
-- Al