Interesting topic. Over the last few years, I've ended up gigging two basses that are Far Eastern, in favour of "pro" basses like American P's and my Stingray. I just find them easier (and more enjoyable to play). The American basses I've had seemed to be made of lead, be really chunky and and bit unwieldy.
Mine are outside of your £200 limit but you'd easily get my Yamaha BB614 secondhand for that. Great bass, well made, great tone, nice to play and light without feeling cheap. Looks the mutts too - gotta love a matching headstock!