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Squier VM Mustang or Ibanez SR300?

I would opt for the SR300. With it's EQ and dual pickups it's a bit more versatile.
It's a very nice bass too, light, thin but good range on the sound.
Mustang is nice too, but if I only had to pick only one, it would be the SR300.

Of course if you buy used, you can pick up both for the price of a new one.
 
I have an Ibanez SR305 (not a 300, but it's close) that I like a lot, but the sound is very "generic" and tends to get lost in the mix as the guitar volumes and distortion levels go up. My Fender Mustang RI (not the same as the Squier VM, but it is what I have) has a "Precision Bass" sound that doesn't have that problem. I gig with it much more than the Ibanez. The Ibanez also has a low output I am not all that fond of, now that I think about it. Limited to one, I would select the Mustang.
 
I'm leaning towards the Mustang. It's less versatile but I think, for me, it has the tones that I am most fond of. Kind of Precision-like. I love the P bass tone but coming from the guitar world, I've never been able to get comfortable with a standard P neck. I know there are people who say that short scale basses are not "real" basses but I think that's kind of elitist and backwards. There are many players, famous and otherwise, who have cut great tracks using a short scale instrument.
 
I'm leaning towards the Mustang. It's less versatile but I think, for me, it has the tones that I am most fond of. Kind of Precision-like. I love the P bass tone but coming from the guitar world, I've never been able to get comfortable with a standard P neck. I know there are people who say that short scale basses are not "real" basses but I think that's kind of elitist and backwards. There are many players, famous and otherwise, who have cut great tracks using a short scale instrument.

Back in the 70's, I saw James Brown perform on TV in glorious black and white, with monaural sound. His bassist played a red Mustang - a "real" bass that sounded great.

Get yourself a Tech21 VT Bass pedal and you can diversify a Mustang's tone 'til your heart's content.
 
Back in the 70's, I saw James Brown perform on TV in glorious black and white, with monaural sound. His bassist played a red Mustang - a "real" bass that sounded great.

Get yourself a Tech21 VT Bass pedal and you can diversify a Mustang's tone 'til your heart's content.

I'd love to see that clip of JB's bass player. I've scoured YouTube for videos of both the Ibanez and the Squier Mustang and there are a few good examples of both basses but I keep going back to the Mustang. The only thing I don't like about the Squier (and it's purely aesthetic) is that the neck is very pale. Too bad it didn't have more of a vintage tint.
 
I'd love to see that clip of JB's bass player. I've scoured YouTube for videos of both the Ibanez and the Squier Mustang and there are a few good examples of both basses but I keep going back to the Mustang. The only thing I don't like about the Squier (and it's purely aesthetic) is that the neck is very pale. Too bad it didn't have more of a vintage tint.

I haven't seen the JB clip anywhere else, either (and it must have been in color 'cause I remember the Mustang was red).

Both of my Mustangs have rosewood fingerboards (my aesthetic preference). One is a stock white RI, the other is a sunburst Squier with a defretted RI neck. BTW the electronics on the Squier and Fender RI seem to be virtually the same (to my ears).