I'll toss this in the pile for folks to ignore...
I do not heartily subscribe to the tonewood dealio. I don't care which woods are used... hog, maple, swamp ash, yankee ash, basswood, rose, nut, etc... Just don't care....
What I do care about is consistency. I firmly believe if the two major blanks are quality consistent wood in grain, density, weight distribution, curing, vibrational characteristics, then there is good chance a great guitar/bass can come out of the process. The joins must be true and done correctly. I also do not care if deadhorse or TB is used, as long as it is done correctly, clamped correctly, and cured correctly. I don't care if nitro, poly, or gunstock is used to finish it, as long as it is done correctly. I surely don't give a damn about long/short tenon, bolt or set, etc.. Don't care what the board is either... rose, ebony, maple, BBQ Maple, Wenge, or even da Bakelites, just that it is same as above in quality and done correctly with true joins to neck. IMHO, da Bakelites have a consistency that wood cannot come close to matching... Same with frets, good frets, done correctly.
Slap good hardware and pickups in it, good strings on it, and you've got a good one.
I've played killer Lesters and played dogs. Same with every other brand/model/type...
My theory is with upper lines, MOST will be killer. Law of averages and slack ass QC (hear that Mr. "Levi"?) says a dog will make it out off the loading dock... Some top lines have killer QC (I've never wrapped hands on a bad Suhr or PRS)...
Law of Averages says that with the lower lines, there will be some where the planets lined up and they turn out magical. Just gotta play a bunch more of em to find the magical ones....
J.P. sure seems to like Squier Bullets and his sound righteous...especially white knob. I think in an interview he had played everything in the store and that one was the magic.
Enough of my blathering.... Carry on....