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Looking around at ~$350 basses, thoughts?

+1 on some of the above. In that price range, I'd take pretty much any used MIA Peavey. You can usually find a nice Peavey Fury (i.e. a P bass) for $150 - 200. There's a really nice Peavey Foundation S (i.e. a P/J) on my local CL right now for $200. If you're patient, you might even be able to score a MIA Millennium 4-string for $350-ish.

You MAY find other basses of equal quality in the price range - if you buy used, but I don't believe you'll find better. And any bass that is in that price range, new, is probably not as good quality and will certainly lose a good chunk of its value as soon as you walk out the music store's door with it. Unlike a used MIA Peavey.
 
Mahogany can be a heavy wood, but it isn't always heavy. That said if you can't get the weight in advance you could get a nasty surprise.

+1 on the SUB line, I love mine. I bought the SUB SB14, not the StingRay

+1 on getting a pro quality bass. I'd avoid the T-40 because they can gete very heavy, someone was selling an 18 pounder locally a while back. 18 pounds?!! The Yamaha BB basses and Squier VMs are excellent choices, but I think in the long run the SUBs will be lumped in with them (they haven't been out long enough for durability to be known).
 
Maybe not the tone you are looking for but lighter + faster neck to me could mean Beatle Bass copy of some kind...maybe the Epi Viola or a Rogue? Some have neck dive, but all of the one's I have tried I considered incredibly light.

Have you considered other short scales like the Squier VM Jaguar Short Scale? Maybe for more traditional tone options.
 
Lots of information, I'll have a ton to look for when I go out in search of my next bass. This is all good stuff too.

I'm leaning towards a long scale, 24 fret setup as it's what I have already, but I'll have to play some of the other scale lengths and see what I think.
 
I forgot the Sub.
I'm a bassist with smaller hands, I have the following. I've had 60 basses the past 3 years and narrowed it down to about 13 that suit me best.
Here are some that I have decided to keep or is worth mentioning.

Ibanez - Ergodyne EDA900 (2) -Super slim necks on these, just like the SR300
Ergodyne EDB600 - slim neck, bit on the heavier side, good sound though.
(These Ergodynes are no longer made but are an upgrade over my two SR300s that I have since sold. More comparable to the SR500 in terms of sound. Price used for each was about $150-200.

Sterling Sub: nice balance of great sound, slim neck and light weight. Probably the best bass you can buy new for under $300. Used, you can get these for under $200.
New color this year is Transparent Red.. I've got a hankering for this one. :)

Squier VM Jaguar Special P/J Active: full scale bass- pretty good, nice neck and weight- not really into Fender style basses and sounds, but this is one I like.

Rogue VB100 (Beatle bass)- not versatile, super light & nice neck, but again, you're not going to slap on this thing.

Tobias Toby: not sold on the sound, but neck, weight is just right. Sold this to get Ergodyne EDA900.