. . .snip . . . For me, personally, it's a perception issue. Vintage gear is so expensive, over-hyped and romanticized it represents conspicuous consumption and nostalgic self-delusion to me. That is an image I don't wish to project, so I mostly leave it alone (and even when I have it, I rarely play it out). If I thought vintage gear was "better" I'd get over that issue quickly, but I don't.
. . .snip . . .
I get your point.
I think it is apparent from reading this thread that the main objection to "Vintage Instruments" isn't necessarily the instruments themselves, but rather the lie at the heart of the Vintage market. I will simplify here, but the argument is that vintage basses aren't as good as modern equivalents in any measurable way and, taking their inferiority as true, they are overhyped for sentimental reasons and represent conspicuous consumption or other values that have nothing to do with actually playing an instrument.
As to the quality of vintage versus modern, I don't argue that vintage is better. I think the advantage of a vintage bass is subjective, but for me the value of a vintage bass, in terms of playability and tone which is my concern, are the different specs. They are made differently, have different neck thickness, different tuners, bridges, wood and electronics, and they feel worn in. I'm not saying these are necessarily better specs, but just different. If those specs suit you, and the bass sounds great and isn't too heavy it is the better choice over a modern bass.
The main objections, and I share them, are the perception issues, which are sociological and frankly involve symiotics and post-modern theory. I don't object to nostalgia, as it is an honest human emotion. here is why: I don't think vintage basses in particular represent nostalgic self delusion, as all nostalgia is delusional. Nostalgia drives sane people to make insane choices, like buying a '68 Mustang or buying a certain house when these choices just don't make sense. This is why they have Harley Davidson dealers. Such is the human heart.
As to the conspicuous consumption aspect, I don't think that is limited to vintage basses. Not to knock boutiques, but I think spending $10k on a bass might qualify, depending on the buyer, as conspicuous consumption. Buying a Bentley or Maybach is conspicuous consumption.
So here is my real problem with vintage, from a cultural/sociological perspective: the irksome issue of vintage instruments being used as an outward symbol of authenticity by people who are inauthentic. I note that the vintage market started blowing up around the time "relicing" became popular. So at base it can feel like a lie.
Vintage is often overhyped, and the prices are ridiculous, so ridiculous that many are simply not players' basses anymore, and come to represent something else, like a nostalgic talisman against the evils of the modern world. A bass is not a bass, its utility besides the point.
The entire vintage market feels to a large degree like a marketing game luring in well heeled sort of sad older guys. And that sucks for everyone but the dealers. Just a few years ago players bought "an old Fender", not a "vintage instrument". This is particularly bothersome to young broke players who really do like the vintage specs but now will never have a vintage Fender.
All that being said, I have a '75 Fender that just kills. It is way better than the AVRI '75 and the American Standard Jazz I had at the same time. It feels much different, much better to me, and sounds better. To me. I could not care less about the perception issues, it is a killer bass.