The 47 k resistors make the adjustment pot more delicate.
Without the 47K resistors, it's a pan pot.
With them, it's a balance pot.
You are trying to tune out a small imbalance between the two coils.
The 47K resistors make the pot range of adjustment very small so you can tune out a little imbalance without needing a microscope to adjust the knob.
The two circles are pretending to be the shield on a guitar cable.
Without the 47K resistors, it's a pan pot.
With them, it's a balance pot.
You are trying to tune out a small imbalance between the two coils.
The 47K resistors make the pot range of adjustment very small so you can tune out a little imbalance without needing a microscope to adjust the knob.
The two circles are pretending to be the shield on a guitar cable.

