The bass tones are removed on purpose. The Mark 3 uses a speech clipper circuit to limit modulation. If you feed bass tones into a speech clipper, the voice gets hard to understand.
The highs are filtered by C51, L6 and C52. This is done to remove the harmonic frequencies generated by the clipper circuit.
Short version, you'll need to do more than change the value of just one part to make much difference.
One last thought. If C54 is going bad, this makes the audio more "tinny" than it should be. If that part is original, it has no excuse to still be any good. If you just lose R78, and connect the positive side of your new C54 to pin 3 of the tube socket, this will get you just a little more "low side" tone.
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