5-way switches give you even more flexibility, but each position needs a separate lug for the wiring to work. So, you can't use a standard CRL style 5-way where positions 2 and 4 bridge two lugs. Instead, you need to use larger separate lug switches like the Grigsby 5-way 2 pole and 5-way 4 pole.


5-way 2-pole Grigsby Lever switch diagrams

The 5-way 2-pole is a fairly large switch, so the stock PBG Tele cavity may need to be deepened slightly.
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Bridge with split neck in position 2, and split neck in position 4 (red & green coil active when split):
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Bridge in series with split neck in position 3 (black & white coil active when split):
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