This had been listed awhile at Acme Guitars in St. Louis, and I glossed over it because of the 795 price and a previous owner's routing of the pickup cavities to fit Fender pickups (!?!). The price had dropped to 695, and a forumite suggested I look again and see what the dealer might accept. My budget was limited (to keep peace in the valley

I've had it several weeks. Except for the routing, truly EXC condition---little fret wear, only one small paint indent on the side, no major scratches, clean headstock, zero rust or pitting. Plus, it has its tremolo bar and case candy (manual, brochure, tag, case keys; no Allen wrenches), and the case still had plastic on the latches and logo! Tremolo cavity sticker stamped 08021988; that's good enough for me---I'm not pulling the neck. Body is 3-pieces (slight finish sinking in one line on the back) and most likely maple?
What most amazes is how SOLID it is! The quality is evident in the materials, workmanship, the Sperzel locking tuners with posts that get shorter for each string, the metal back plate, AND a brass plate shielding the control cavity (can't recall hearing about that!). I haven't weighed it yet on a good scale, but I suspect it's almost 9 lbs; it's heavy enough but not too much. (Not a boat anchor like my former '79 Stratocaster.) I see that Leo meant it when he said these were the best he ever made.
That said, it sounds even better! The pickups have all the S-style sparkle and quack with the greater detail of MFD single coils, and fill an S-niche apart from my Comanche Studio 6. The neck feels great. The treble is pretty biting with the pickups set to spec; I've been running my amps' treble lower than for other G&Ls; I might lower the pickups a bit. Whoever reinstalled the MFDs put the one with the green wire in the bridge position, but the schematic shows it in the middle. So only one of two in-between positions is hum-canceling, but I'll rectify that.
The guitar came set up with 9s and the tremolo claw tightened so the bridge plate sloped back from the posts down to the body. With the manual at hand, I restored factory specs. I had my first chance to use the 3-bolt neck micro tilt, and it is SLICK! The neck was so far in the pocket that the rosewood board was partly buried and the upper neck dots were partly obscured.
I found I had to increase the neck angle *significantly* to match all factory specs (3/16" bridge plate to body; 1/8" plate to E6 saddle bottom, 3/32" E6 to 22nd fret). Is there a tradeoff in tone, sustain, or stability if the neck heel is so far off the body? Can any Leo-era owners share their set-ups? If you lower the saddles, does that negatively affect string break angle/sustain/intonation?
Link to photo album: http://www.guitarsbyleo.com/GALLERY2/ma ... emId=13331