I always say that you should play whatever lets you make your best music and feel best doing it, so I have no reservations about another player spending whatever they want to get there.
However, for me, 7 grand is a PILE of money. I've owned Alembics, am very familiar with their axes, was happy to be in that community in those days. They're Trust Fund Money expensive (although in a world of 6-grand Les Paul Customs, or in this case a 7 grand Precision, it's all relative, really), but I know where the money goes, and like all small builders, their costs and markups are extreme to perform at that level on a tiny number of billable instruments.
This kind of money is reflective in the Fender Custom Shop taking as long as it takes, and that puts them in the same economy as an Alembic, a Ritter, a NY State Spector or Sadowsky, etc.
IF I was in a position to spend that kind of money on a bass, there's no way on God's Green Earth I'd pay 7 large for a Precision Bass, but that's me. I'm glad for the folks that are into it, they can get FCS pieces, but it would not be for me.
I would somehow have to perform the mental calculation that it would play, sound, and last TWENTY times 'better' than a Squier CV 60's Precision, and I can't do it, or 10 times 'better' than a MIM, or 4 times 'better' than a MIA. I can't make that jump.
However, lots of other players can, and if that's their ultimate, my hat's off to them, and it IS a hoot to have an axe custom-built just for yourself, no matter who made it. Been there.