There is some quality/mojo/variation within Fender and Peavey lines, but once the early to mid 90s kicked in, the low to mid line Peaveys were not made as well, relative to the 80s versions, IMHO.
My 84 Foundation, 85 Dyna Bass and 85 Foundation Fretless just needed a cleaning, restring and a quick and effortless set up to get them to perform to my spec on my string choice. They performed flawlessly ever since. I don't have to adjust anything on these, ever. I would easily compare these to any US Fender I own and love. They are well built and don't require much to perform at their best.
My 93 Foundation, 94 Forum Plus and even the 87 Patriot (to a lessor extent) needed a lot more detailed set up and tweaking to get them to play right. This included some fret leveling. These all need small adjustments to the truss rod every few months and are more comparable to a Squier Classic Vibe/Vintage Modified/pre 2013 MIM. Nice instruments for sure, but need more attention to be great.
My 84 Foundation, 85 Dyna Bass and 85 Foundation Fretless just needed a cleaning, restring and a quick and effortless set up to get them to perform to my spec on my string choice. They performed flawlessly ever since. I don't have to adjust anything on these, ever. I would easily compare these to any US Fender I own and love. They are well built and don't require much to perform at their best.
My 93 Foundation, 94 Forum Plus and even the 87 Patriot (to a lessor extent) needed a lot more detailed set up and tweaking to get them to play right. This included some fret leveling. These all need small adjustments to the truss rod every few months and are more comparable to a Squier Classic Vibe/Vintage Modified/pre 2013 MIM. Nice instruments for sure, but need more attention to be great.