LTD B-205sm 5-string fretted LTD B-205sm-FL 5-string fretless LTD B-204sm 4-string fretted LTD B-204sm-FL 4-string fretless After months of flip-flopping I bought the fretless 5-string LTD B-205sm-FL and am very happy with it. It's a perfect match for my fretted LTD B-205sm. Everything's the same except for frets-vs-not. I think both basses are a TREMENDOUS VALUE: Excellent construction, good woods, quality electronics and decent hardware. I bought mine for $350 each, and though I'm new to bass (since Spring 2012) I'm sure experienced bassists would be impressed by the quality and playability of these 'budget' basses. Knobs were set too low and would have scratched the body, but I saw it early and remounted them higher. No harm done. Also, the fretless neck appears to be made somewhere other than where the fretted neck was made. The fretted neck looks to be of higher quality and the stain/color is warmer/nicer. The fretless neck is kinda pale, and its rosewood laminated neck layers are more narrow than on the fretted neck (5-piece neck construction, 3 maple + 2 rosewood strips). I note that my fretless bass was manufactured about 8 months later than the fretted, so I hope this doesn't indicate falling quality or 'cheapified' production standards. Whatever the explanation, the fretless neck seems really good, is really thin (front to back) and plays really well. Just like the Fretted Twin. The fretted neck (purchased in April 2012) has been very stable, so I assume the new fretless neck will be, as well. These basses are a bit heavy but they hang properly with no noticable neck dive. I put a NeoTech Mega Bass Strap on each and all is well. That strap is wide, well padded and kinda 'bouncy'. They no longer feel heavy. My LTD basses arrived with great, playable action: The fretless neck relief was set dead-flat, and saddles were set very low. It played GREAT with tons of 'mwah' BUT far too much buzz. So I had to introduce minor neck relief (.013" at fret 8 with capo fret 1 and string fretted at neck/body joint). Also had to raise all saddles. Now string height at fret 12 is 7/64" on average. Very playable, but not really low. [EDIT: Since posting this, TB members have informed me that string height / neck adjustments should be made based on what you hear when playing through your amp (or however you play for real). I had been tweaking the action based on what I hear unplugged. Moral of the story: Buzz and fret slap and klank heard unplugged may not be apparent when amp'd, so I might be able to lower my action from where it is now.] The added string height might just be due to my unusual choice of strings. I yanked the SIT roundwound strings immediately and replaced with D'Addarrio Black Nylon Tapewounds. They feel and play GREAT, completely smooth so I can slide around effortlessly, and they feel very 'light' under both hands. Not at all floppy, they feel 'punchy and light' if that makes sense. Just the right tension for me. AND THE B-STRING SOUND IS FANTASTIC (you'll have to file the sides of your B-string nut slot slightly to get that fat .135" B mounted). The natural tone of the B-205sm basses seems to be mid-tone biased (play unplugged to hear the natural tone). With these black tapewounds, the tone is slightly 'woody' but they produce everything from ULTRA LOW to upper middle tones, with more than enough mwah for me. Adjust the EQ, the pick-up pan and your right-hand playing position/technique to get just about any sound you can think of, including a convincing double bass. I chose the tapewounds primarily to protect the ROSEWOOD fingerboard (it's not as hard as ebony, so think about flats, GHS Pressurewounds or Tapewounds - consider yourself warned ). These LTD B-series basses (4 and 5 strings, fretted and fretless) are 'flying under the radar'. Nobody posts reviews online so you'll play hell trying to research them - maybe because LTD gets pigeon-holed as 'Metal Only'. Not true in this case. These basses represent excellent quality, versatility and value. I say buy online or locally from a dealer who offers 30-day FREE returns. Set it up right and you won't be returning it. There's nothing in this for me. I found these excellent values by researching my brains out here on TalkBass.com and related links. As a result, I have a matching PAIR of GOOD fretted and fretless 5-string basses for less than many spend on a single bass. I'm very thankful, and this review is yet another attempt by me to return the favor.