The Elites are great great basses, I own 2 Perception Deluxe's and bought an Elite on a bit of a whim...they're at least 90% as good as the £2500 real thing.
The tone is very similar, the electronics are the same, the necks aren't quite as good could feel the joints in the ply's, the only real complaint I would have is the bridge isn't so easy to adjust, setting the intonation is a bit of a fcuk on but that's the only issue I ever had.
Apart from they don't hold their value at all.