http://www.muzique.com/lab/tbypass.htm (http://www.muzique.com/lab/tbypass.htm)
Accoring to this- the 2nd diagram/pic, I understand it to mean you would use a spdt on/off switch in which the center lug goes to ground, the top lug goes to the 22k and the .01uf, and nothing connects to the last bottom lug.
Is this correct?
Also is there any need to add a 100 uf electro for power filtering?
Your assumptions seem correct. Though you only need a SPST...
I know my NYC reissue BM did not have power filtering. Yours might, so knows check. It's usually really easy to spot if a pedal has it or not.