I would like to take up the comments on my sound examples and Dominik's own experience of expressive timbres in the range of low and mid frequencies compared to higher audio frequencies.
Based on the perception of loudness, the perceived strength rises approximately logarithmically between 20 Hz and 3 kHz and drops again between 3 kHz and the hearing limit.
The ratio of the amplitudes of the overtones adapts to this curve. A timbre that sounds good in the low range can be unpleasant due to overestimated dissonant overtones in a higher range.
The usually used low pass in the theremin provides some help, but is not the best solution, because even the good bass sounds have overtones up to the highest ranges and sound duller when filtered.
I wonder what the effect would be of a filter that compensates for the volume curve? Would a created rich double-bass sound, shifted to higher pitches, also sound good?