I've finally bought one of these!
Well, something somewhat similar, I suppose.....
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One of the oldest Soundgear 5-string basses (1989 sr885le) and one of the newest (2022 srms625ex)
They look (and play!) pretty similar, but there are a number of differences outside of the pickups/electronics and crooked frets.
Most are pretty subtle, and not really noticable without comparing them side-by-side, like the way the back body is curved at the neck joint.....some are not, like the headstock.
I know weight is a big thing here on TB, and I'll admit, it is something I pay attention to, but isn't necessarily a deal breaker.
The old black 885, which is 7 3/4 lbs. at last weigh, is literally the lightest bass I've ever owned, outside of an Ibanez acoustic bass - noticably lighter than even my other sr885le.
The new Ironlabel 5 comes in at 9.25 lbs., per the shop/seller. I've not weighed it yet, but that feels pretty close - comparable to the other SRs, and most of the Thunderbirds, I've had, and is completely acceptable (to me, at least).
Other than the action being high enough to shove a pencil under (6mm on B-string, 4mm on G-string - I don't know if that should be

or

), the intonation being not really even close, and the truss rod needing a bit of a tweak (3/4 turn? -ish?), I'm really liking how it plays & sounds so far