So I ended up buying LoTone's bass since he gave me such a generous offer (thanks!). Here are my first impressions:
The weak link on this bass is the cheap pickup selector switch. When I first plugged it in, it was in the center position (both pickups on) and had very low output. When I flicked the switch to solo the neck pickup, I heard a little crackle and pop, and the output nearly doubled. I took the control cavity cover off and examined the switch. Sure enough, it is pretty flimsy in design. I just ordered a higher end Gretsch selector switch with solid lugs and internal mechanisms. I'm also going to replace the two pots while I'm at it. I do this with most basses I buy anyway, so this is nothing to special or out of the ordinary for me.
When I got the switch to cooperate and pass along a good, clear signal, I really liked what I heard. The bass has some pretty impressive sounds. My favorite aspect to this model, however, is the smooth-as-glass neck (!). It is truly a joy to play.
I'll make a short demo/review as soon as I get the new pots and switch installed so everyone can hear what this sounds like. Right now, my opinion is that this bass is a good buy if you are comfortable changing out a couple of cheap parts.