Re: USA Peavey Guitars
Eons ago I had a "Reactor" (Tele clone) I had saved up my $ and decided I wanted a "real" Strat instead of the cheap copies I had had up to then. I went and played them all, and was kinda underwhelmed by them (mostly MIM's, this was rural WI in the early 90s) They had a Reactor in the amp demo room, so I tried that. I ended up taking it home! It was fantastic, felt better-built than the plasticky guitars I had played that day, I thought it sounded fine (coming from a string of Epi Strat copies anyway) and it cost less than the "real" guitars I had wanted, and weren't even USA made...
I only sold it because I lost my job, and ended up moving out of state and needed $. I still toy with the idea of getting another one, but all the ones I see are beat up beyond recognition...

(next to my last Epi strat, also sold to cover my move)
I also had a T-20 bass for years, it was a totally dead-nuts reliable, solid instrument. The pup on it was SO good, just with changing the pick attack, it would go from snarly aggressive bark to soft, jazz-like tones. Really a high quality bass. If I needed a bass to just work, this one was it. The neck was kinda skinny, though... it sounded so good I did my best to live with it but when a guy offered me twice what I paid for it, it got sold. I've had other basses, but nothing I've owned before or since was as easy to live with. It stayed in tune, I had it set up/intonated right after I got it, and years later it was still fine (unlike my other bass, I have to have it worked on by a pro just about every season change)

I've played T40's that felt twice as heavy as my 20, too... Can you tell I miss it? If it just didn't have such a pencil-neck...
Peaveys are usually great instruments, but get NO respect. Anything else with "Made in USA" on it costs 2X (or more).