If you're going to go down that path and you already like Ibby's, I've seen older used Ibanez Premium SR 5 strings selling for very cheap on Reverb lately. I own one of these and nothing cuts like the Nordstrand big singles. Just listen to this dude So you could potentially get a professional level piece ready to go for under $800.
IMO an SR405 with steels and new pups would play and sound better than those two basses you mention. Regardless, you must have top notch pups and electronics to compete and those stock models do not. Don't be fooled, even those coveted $2K+ Dingwalls would be clown without nordstrand designed pups and Darkglass pre.
That is INSANE... looks like an SR 2605. Still a $1500 bass but I see your point.
Here's the bass in question, SR 405, not a current model but the closest price I could get is roughly $400. Tone capsule is $170, set of EMG 40DCXs is $220, the Alex Webster Seymour Duncan pickups are $350, so that's $400-$500 dollars in just electronics into a bass only worth that much. I more or less got this bass for "free" though, got paid for a days work with it, so that might change things. The nut and pots are crap though and it was missing two tuners but it plays pretty well.
I'm only making a big deal out of it because I've spent more than enough time putting lipstick on a pig, or throwing a TON of money into a pos bass to know that it just doesn't work. My best sounding bass is a Warmouth PJ with EMG's, probably worth around $700 in parts or less, and it sounds better than every other bass I've had or tried to fix or make that costs way less. I would much MUCH rather spend money on a quality instrument than spend $400 in parts to make a midrange Ibanez slightly less bad and have it be yet another waste of time.
Wouldn't it be worth it to buy something comparable to the vid for $1500 instead of wasting time with cheap basses, or Ed are you right in saying that it's more the pickups that make a difference rather than the bass itself?
Now I'm just more confused.
