Modding for Bass:
Yes, you can increase the 100nf (output) cap so that you get more low frequencies out of it, but you should also increase the input cap (the 22nf) so that it lets more of the low frequencies enter the circuit as well.
But be aware that sometimes you can end up with muddy lows, depending on the circuit design and how it reacts to low frequencies.
Not all circuits handles bass frequencies equally well, but it is absolutely worth a shot.
Low frequencies also sometimes distorts more than highs, so you might also get a sense of more gain when doing this.
Another idea would be to add caps to switches that run in parallel with the input/output caps, so that you can switch between guitar and bass use. Kind of a fat-mod that increases the lows.
Example: use two DPDT (on/on) switches, with a cap on one side and nothing on the other side for Bass-mode on/off.
Or: use DPDT (on/off/on) switches, with two different caps on each side for two different cap values/bass settings and a off position in the center.
If you have a 4PDT switch, you can get both the input and output caps on a single switch, instead of two DPDT switches (one for the input cap and one for the output cap)
John K has done a lot of mods on many circuits for bass use, so you should check out his site and see if you can pick up some good tips there regarding bass mods:
http://johnkvintageguitars.homestead.com/Overdrive-Pedals.html