Hooo baby there's some attitude in this thread! I don't know what's going on, but I just thought I'd say mostly useless and subjective things as someone who uses a Fender American Standard P5 as their main bass. I was a Jazz and affiliate active hybrid whatever bass only person my entire life until I got the P5, and in my opinion the ergonomics of a Percision bass are nothing to be sneered at, nor is the simple but effective tone. They completely changed my view of the bass world. Thay said, I've also been looking for PJ 5 alternatives because I often still want a good blended sound with J characteristics, and I still haven't come up with the right thing. I do think the Yamahas are incredible value, but I find they don't sound like a Fender Precision. They have a different midrange focus. Not better or worse, just different. You could do much worse. I bought an Ibanez Talman recently and had a bad time; it had a bad, totally dead, no-good note on the G string, but the Carey Nordstrand design pickups sounded quite good and made me consider replacing the stock pickup in my P5. Oh, yeah... unfortunately for you, I also just sold another Fender P5 on Reverb for less than $1k! That bass was only a year off of my main, but the pickup sounded radically different, as though it was a sixties style wind opposed to fifties. I actually preferred it, but the bass itself was heavier and less resonant.
Lastly, after all those jumbled thoughts, I WISH G&L made a P5. I actually sent them an email and basically said, hey, what if you made like an SB-2... 5? Maybe an, uh, SB-25? And they sent emails back and said let's talk! But then Christmas holiday happened and I never got another response from them. I'll have to try again. I think it's an idea that maybe TENS OF PEOPLE would be into.