Bob,
> I find it interesting that bypass capacitors really work, as "theoretically" a bypass capacitor simply adds to the total capacitance of the node. <
In theory maybe, with perfect capacitors. But all real-world capacitors have a combination of capacitance, inductance, and resistance.
The kind of capacitors that are good for audio are "wound" using long strips of metal separated by plastic. The length of the winding increases the cap's inductance, which tends to block the highest frequencies. This is likely irrelevant in a crossover that operates at audible frequencies, but power supplies need to avoid high frequency oscillation. So there, the large electrolytic caps (also wound) often have a disk ceramic cap in parallel.
Disk ceramic caps are not so good for audio, nor do they come in large values, but they're not wound so they have very little series inductance. This is why a very large electrolytic cap is often put in parallel with a very small disk ceramic cap.
--Ethan