Re: How does a high quality pot affect your tone
what makes a pot a pot is the quality of the components. You can have crappy pots with little tiny paths and tin-metal bushings that are available for $1.50, competent CTS pots for $3.99 each that are aluminum with small fingers and a decent track with a 20% tolerance either way, $8 to $12 RSGW / CTS pots that have brass bushings, heavy carbon tracks, and are built like a mix of an old CTS and old centralab, and then there's the $50 / pot alessandro stainless steel monstrosity. As you can see, pots run the gamut in build quality, and that gamut plays a big role in the ability to have nuanced changes, longevity of the potentiometer, and even your tone. A good 500k potentiometer will let a Les Paul get just the right amount of brightness out without getting shrill, will not turn so easily that you can completely throw your tone out, yet isn't so stiff you need a 8" wrench to turn it.
I myself am a fan of RSGuitarworks' kits because they combine the best in quality for value, with nothing really given up (unless you want everything stainless steel and can pay $200 for 4 pots). RSGW even offers pre-built kits that you can just transplant from the provided templates to your LP, although I am not sure how well they work on foreign made instruments with metric diameters. If yours is afflicted with that, it may just be easier to use normal CTS pots instead. To do an RSGW pre-wired kit, you'd be looking at about $100 + shipping to your residence, but you will notice that your instrument will have more clarity, more definition, and the pickups will not be choked. The stock pots that come in many low and mid-range instruments, and even some high-end USA gibsons, are not designed to get "that sweet Gibson tone", but are to get "bang for the buck". Thin carbon tracks, lots of plastics that fail, etc.
Pics:
http://www.lespaulforum.com/pots/morepots.html <--- vintage centralab vs. cts vs. modern gibson
http://www.lespaulforum.com/pots/potents.html <--- cts vs. modern gibson, with modern gibson's fatigue-based failure.
Back on topic, it depends on the Epiphone you have. If it's a low-end one, it may just be fine to get some standard 500k pots and some basic caps, and for $40 open up the sound. If it's a more robust epiphone (elitist or something), then you may be well-served to get the RSGW kit if it fits. I know that the kits for RSGW fit USA-based guitars, not 100% if they will ultimately fit a foreign-made guitar, however they do everything they claim to on a strat, and one that has a HB and a bumblebee cap. This brings me to my next point. I would also invest in good caps that are made to a high quality, Luxe comes to mind with their bumblebees, and RSGW includes them in one of their kits. I would take a look at them, contact them, and see what they think.
Jason
Addenda: for the RSGW kits, as good as they are, you are going to have to break out the drill to make the holes 3/8" in diameter each.