Join Date: Jul 2001
Location: Berlin, Germany
Well, you're looking at two completely different guitars. Try playing both and see which one feels better in your hands. LP's hape painted necks, which some players don't like (i can stand them, but i prefer strat/ibanez necks). Also the size of the neck is completely different. You can always put a single-coil sized humbucker in the tele, so that's not a big problem.
As for quality, Epi's are made in Korea, Fender standards in Mexico, it is tough to say which ones are of better quality. Some Epi's are fine, and quite a few mexi Fenders have been getting good press. I think the tele is a better investment, as it's easier to later customise the guitar, but they are two completely different animals.