I've told my story many times, short version is I've been attached to a 1997 Stingray5 since 2001, was my main axe (and probably most valuable material thing in this world) until I got a second 2003 model and after that I've been alternating. The Stingray5 is THE 5er against which I judge all 5ers, just the perfect bass for me. Still, I've always loved the sound of a Ps and Jazzes, all my top heroes play either of those, I've even oned two MIJ Jazzes at different times in the '90s, I just found for the price you can do much better most times (better craft, better QC to start with) and Fender 5ers happen to be parcitularly poor (poor playability, poor low B, save maybe for the Roscoe Beck Jazz V, which I like, but am not in with the thicker neck profile and 19mm spacing).
So my quest has been to find a Fender sounding 5er that had the basic missing attributes I get from my Ray 5ers (superior playability -a neck to die for-, real low B) but also added some not Fender intrinsic aspects I can't live without (a meaner character overall: the punch, cutting ability, aggressiveness, etc.). Take into account both my SR5s are the 3-coil ceramic magnet pickup version, produced between 1993/4 and 2007/8 IIRC; these are the most aggressive breed, more mid-forward, lowend authority where it counts -ultra articulated, not sublow at all-, while the alnico version is more "extended range", hi-fi'ish if you ask me, a more tame character -really subtle for the "non-connoisseur"-). Been thru' so many basses to detail, from a wide 300-1500 price range. I even had an Am Dlx P5 for months at some point (borrowed from a drummer friend) and it was appallingly inferior when A/Bed with a Stingray5 in every single aspect (you name it, construction?, tone?, authority in a mix? playability?, low B?, character?, preamp?). To be fair, it was as light as my lightest SR5, so hey, I've got the other one that might be some 200/300g (1/2lb) heavier than that Deluxe P5.
I traded MANY basses these last 10 years (for my standards, I'm a steady kinda' person) but lately they're going out more than coming in, and really the only other thing I've come to rely on besides my Stingray 5ers is a Schecter CV-5 (Diamond series) I'm really liking and has all the attributes, makes for a good Fender "impersonator", but "moody" (as in "gets aggressive easily"), a lovely cutting lo-mid burp, amazing low B and shredding fast neck (SLIM!, like Soundgear slim).
Now that this exhausting trip looks like it's over (or suspended for longer than previous attempts) I'm onto my "only other thing missing" endeavour, which is get a Warwick Rockbass Star Bass 5, whish I ot them a couple years ago when thomann let some go for around 600€ (999€ now, nowhere to be seen in the 2nd hand market). So, yes, I guess I fit your thre'd title. I've got "the one", I've got "the alternative", still searching. Anyone 'round the EU want to trade a RB Star Bass 5 for a SBMM Ray35?
EDIT: BTW, this is my "one"...