I wouldn't think it does anything, going to empty pins. Maybe it does something on the 500E upwards. Those models have an EQ bypass and a mids EQ switch.
Here it is against a real rick. Real rick has 3 piece body (neck w/ stripe through body), Ali Baba is Maple Neck all the way through. The length is more or less the same. Headstock of rick is straight, Ali Baba bass tilts back