Although I no longer have any Fender basses, I was favorably impressed with the Squire Vintage Jazz. The 'soft maple' reminds me of alder. Action and fretwork on the few that I played was just fine. Tonality was on par with many of the Jazzes that I have played over the years. Best? No. Certainly serviceable-excellent, in fact, for someone who can't afford "the real thing".
In my most humble of opinions, I feel that players of all stripes need to assess function versus hype. Because a bass is handmade of exotic wood, and has the most up-to-date electronics (active or passive) doesn't necessarily make it the bass that fills YOUR needs.
Fender basses (and guitars) were the 'Chevy Biscaynes' of the era. Simple, solid, cheap (at least compared to Gibsons and Guilds). The technology was basic...but they worked.
Like many of my peers, I saw great basses and poor basses come out of the same place...often with sequential serial numbers...okay...I made that up-I didn't really check. The truth was, one 19XX Fender might be a totally different animal than the next 19XX Fender. The truly great ones are what we all cherish and upon which the legend was formed. Unfortunately, not all of the run might be up to that standard.
I came to embrace Peavey basses in the late 70's. To me they were the "Fender bass done right". Before the flames start, let me explain.
Fender basses and guitars were decidedly low tech when compared to the competition...and I had what I would describe as a "dream" one. Nothing special...yet they sounded as good, or better than the "accepted" instruments of the day. In the day of set-neck instuments, the Fender bolt-on neck was heresy...but it enabled less skilled workers to make an instrument that was on the same functional level as the higher priced competition...at a lower price point.
Hartley Peavey ushered in CNC machining for guitars and basses...assuring a more consistent approach for construction. While vilified by the competition, history has confirmed his approach...and we all benefit as a result.
A one-off custom, handbuilt instrument may indeed be the cat's meow. A lot of it depends on whose hands it may be...and are they having a good day.
Kim