Exactly, it is more of an extra band in the tonestack, and not a traditional presence control.
While the TC series is easier to dial in than a Mark series, and probably even a Recto, I found that carefully balancing where you have your treble vs presence really gives a pretty wide range of different "sweet spots". Both moderate is one thing, crank treble and drop presence, still nice, but different. Do the opposite and it still has a nice tone.
Mid balance is pretty cool too and a bit interactice as well, with good range of tones. You don't want to crank all three of those too much, but you get some nice variety by combining the mids, treble and presence in different amounts.
It also seemed like when you got to higher gain levels you could run the bass a bit lower and still have a decent thick tone. Not like a Recto of course, but a nice tight aggessive kind of thing.