Re: tooled up squier?
Yeah, there is a difference in tone acoustically and maybe using a clean signal. I noticed the difference in tone when I bought my RG3120 (mahogany and maple) after I played nothing but basswood RG's for 19 years, but distorted/overdriven? Not really. Strumming the 3120 without it being plugged in, I noticed it was a little brighter sounding than my basswood RG's, but on the other hand, the RG550 20th Anni I have now sounds very bright too, very similar to the RG3120. I think if I put a Tone Zone pickup in the 550 it'd sound identical. It happens to be a very heavy piece of basswood too. Much heavier than the older 550 and 750.
I think what makes more of a difference than many people realize is the fretboard wood. Maple gives a guitar a bright sound compared to rosewood. But body woods, I am not buying into the "tonewood" hype. Apologies to all the guitar companies, you're not fooling me with your sales techniques! It's all about pickups and amps. That's where the real differences lie.