Re: Ceramic T500 Dump it or not?
I just put an Alnico 5 in my 500T, and will go to A2 when I get some. As an A5 humbucker it's pretty good. A forumite said the coils are the same as the 498T, so all I did was make it a 498T. But I've had 498T's too, and this 500T with Alnico 5 sounds a little more balanced, and less JB-ish than the 498T does to my recollection. The 500T is wound right in between the JB and the Customs, so with A5 it's like a cross between the JB and Custom 5. If you put Alnico 2 in both those pickups you probably wouldn't want to change them anymore.
The SH-5 you have is like a weaker 500T with a regular sized ceramic magnet, instead of the huge center magnet and outside flanking magnets. You could also try removing the outside magnets from the 500T, then you'd have a lighter version of the Distortion.