John Deacon always played around in the high range in his basslines. He was a very melodic and tasteful player who wasn't afraid to think like a pianist or a guitar player, a fact that Freddie Mercury and Brian May constantly praised in him.
Speakers of that time would have had no trouble prouducing a low E (just around 100 Hz). Frequency response hasn't been a problem for a very long time, and PA speakers generally have a band from about 30Hz to 15Khz, alot larger than any 4 or 5-string bass could produce without an octave pedal. Check out his line on "Bicycle Race." It's ALL OVER the place, sliding between octaves almost every phrase, something that also permeated his work. And on "Somebody to Love" he just sings like a bowed upright through the line.