I'm sure that a 10 kHz sine wave likely did show little change when C39 was lifted. However, if the signal is changed to a 10 kHz square wave, there should be a significant change to the leading edge of the waveform as C39 is connected or removed from the circuit.
Square waves are a wonderful tool for making very quick and easy response tests, as to pass a square wave faithfully, the circuit must have a response the is at least equal to the fundamental /10, up to the fundamental X 10. Therefore, to produce a 10 kHz square wave accurately, the circuit must have a response from 1 kHz up to 100 kHz. This upper band requirement is unreasonable for most circuits containing frequency sensitive controls, so when testing the response of tone control circuits, etc, it is best to use 200 Hz and 2 kHz square waves, which will then cover the full 20 Hz to 20 kHz band pass. Square waves also make it very easy to see the effects that the various controls and filters have on the waveform presentation.
Dave