I have some observations about this pair of TL 5's.
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The one on the left is a typical Generation 2 TL5....generic bridge and flat top PUs. The one on the right is one of the very last ones built and has the ABM bridge and the curved top PUs as used on the Cirrus. The wood in the older one was a bit more figured although both have very nice flame. The body on the earlier bass was about 1/4" more narrow across than the later bass and it weighed 8 ounces less.
Both basses play great and sound exactly alike. Different PUs but they sound the same. The neck PU is quite a bit louder than the bridge PU on both basses and I suspect there is something about the preamp that is the reason for the volume difference. Odd, but doesn't really matter to me because I loved the tone with the blend control centered.
The condition of the early bass is somewhat better than the later bass since the later bass has a big ding on the tip of the headstock.
I recently sold the early bass to a Facebook friend simply because I now have so many Peavey basses. He should receive it today and I believe he will love it as much as I did.
It was interesting owning two of the same model basses with variations in hardware. Build quality was fantastic on both. Both play and sound wonderful. Both were bought for less than the cost of a MIM Fender J or P bass.
If you have not owned one, I advise you to watch for one to come up at a nice price. I don't think you will be disappointed.