I am a Fender lover, but I would play a Lakland if it was the right bass for me. I recently compared 3 P-basses at a Sam Ash...a Lakland Duck Dunn, a Fender American Series (w/ S-1), and a Fender Classic 50s (MIM). In the area of quality, the Lakland was the best of the bunch. The neck was perfect and everything about it just felt and looked classy. When I say the neck was perfect, I mean it was the dreamiest, sweetest Jazz-profiled neck I've ever laid my hands on. However, I have to say I did not like the tone compared to either Fender. Not that it sounded bad, but it almost sounded TOO good for a P. A good P-bass has a little rawness to the sound that I found missing in the Lakland, the Lakland was also a bit zingy and trebley to me for what a P-bass should be. I don't know which pickup was in it (Lakland or Fralin), and I suspect that I would love it with a different pickup, but off-the-shelf I would probably have bought the MIM 50s P-bass out of the 3, which even surprised me.
Now, that is my opinion. Someone might pick up the same 3 basses and think the Fenders sounded muddy and the Lakland had great articulation. Its in the ear of the beholder. But, the quality is fantastic on Laklands. I would say Skylines are at least equal to, probably better than, American Fenders. But, they don't SOUND like Fenders IME just because they look like Fenders. If its Fender tone you want, you need a Fender bass, plain and simple.