If you'd asked me this a month ago, I'd have said AVRI based purely on reputation. Late 70's Fenders have an awful rep, AVRI's have a great one.
But I recently got myself a '76 P, and boy, it's sure nice. Weighs 8.6 lbs, balances perfectly, neck is one of the best I own, neck pocket is tight, and I really dig the tone from the stock pups (though some might find it a bit light on bottom end). It's easily one of the nicest basses I've played. The neck was made by Xavier Armenta, who was with Fender long before the CBS buyout, so that may explain the quality. Regardless, despite being known as an awful era for Fender, there are clearly plenty of great instruments from that time out there...
For me, if the '77 is an equal player and equal price, I'd get that one just because the history is cool, and resale will be better. Also, maple on black/black is a great combo.
But I recently got myself a '76 P, and boy, it's sure nice. Weighs 8.6 lbs, balances perfectly, neck is one of the best I own, neck pocket is tight, and I really dig the tone from the stock pups (though some might find it a bit light on bottom end). It's easily one of the nicest basses I've played. The neck was made by Xavier Armenta, who was with Fender long before the CBS buyout, so that may explain the quality. Regardless, despite being known as an awful era for Fender, there are clearly plenty of great instruments from that time out there...
For me, if the '77 is an equal player and equal price, I'd get that one just because the history is cool, and resale will be better. Also, maple on black/black is a great combo.