The reason for the four inputs is that Sunn was cheap. It was easier, or cheaper, or more efficient to get all of their chassis drilled at the same time. The PA head (like my Concert PA) had four inputs, four volume controls, bass, treble and master volume. On guitar amps, those seven controls became volume, bass, treble, contour, reverb, and tremolo rate and depth. They already had four holes drilled, so why not four inputs? Each input has its own isolation resistor, so there's not much interaction. The difference between the normal and bright inputs is that the input resistor for the normal inputs is 47K, while for the brights it's 270K, bypassed by a .001 μF capacitor. The high input impedance tends to reduce loading, which then tends to improve high end response. The bypass capacitor passes more highs through above about 600Hz. The result is more midrange and treble, for a brighter sound.