sounds a lot like a P Bass to me. Am I missing something?
It does, but it doesn't. Haha. It just has a different character that is more obvious when you set it up the way you like it and play it next to a Pbass.
Both the Caprice and Cutlass have a voicing that almost sounds a little low passed. It reminds me of the character of an ampeg amp, tough to describe, but it's a nice round tone that is very cool. It's not a bad thing by any means, but it is the only way I can describe the tonal difference.
The Pbass has more grind to it, the Cutlass is thicker. I never said the Cutlass won't cut through a mix, but I don't try and "cut through" with sizzling highs anyway, I like to punch through the low mids and use the top end just for clarity in the tone.
Another example is the G&L listed is the brightest Pbass I have played. Too bright for me, but they are really sweet basses, super easy to play. The Pbass is second. It is in the middle and the Cutlass is the least bright.
Most playable Pbasses I have tried - the G&L is very easy to play, then for me, an MIJ 80's reissue has an insanely fast neck, then the Cutlass and then my AVRI 63. I much prefer the AVRI 63 to the Cutlass though, which is why I sent my Cutlass back.
I am really glad I tried the Cutlass. That thing was super intriguing. Ernie Ball makes incredible basses.
If I was going to spend Cutlass money on a Pbass, I would go with an AVRI 63 just because I think they are Fender's best Pbasses and sound amazing. You can find them on reverb at comparable prices plus you can probably go play one at a guitar mart and see how you like the neck. It's a bigger neck, but something about just feels fantastic. Really matters what you prefer.