I had a MIM Pawn Shop Mustang, which benefitted greatly from the (very easy) conversion of the pickup from series to parallel wiring. I sold it last summer and pre-ordered a MIJ FSR model, which cost less and is fantastic. I have never got round to reviewing it on BC, but strung with Chromes it has plenty of top end and a fat core sound. I have used it on a function and in a country band and it handles both with ease.
I would describe it as the Precision's snot-nosed kid brother!