The way it's set up you have two high pass filters in parallel. Turning the pot varies the contribution of one filter. With the pot at max the filter uses one capacitor. With the pot at zero, the frequency is dropped one octave. In between I think you will get a combination of the two. Of course this isn't a sharp filter so the results won't be startling.
Imagine the cutoff characteristic of the filter in each extreme pot setting, and the characteristic would be a curve in between the two.
Just a guess.