you mention the EJ? $1300-$1600
Thats not what I'd consider a "cheap one" though, as you originally mentioned?
the EJ are really a labor of love for him it seems. I don't get it personally, but if you read the articles on it EJ put more time in his signature Strat than most.
The pickups each from a different year, old Fender stuff mixed with new, the neck is really unique. The string and angled headstock, lighter weight, nice extra-shaved/angled back (probably lighter weight?)..there's a lot of details on the EJ. Unique is pretty much the word, imo. a long list.
Funny you noticed the tone, the articles I read EJ is a tone-addict...
one article he seemed to almost have worn the Fender Custom shop guys out painstakingly trying like 18 different pickups or something.. special thickness of nitro, top line alder, all these things to do with his obsession of tone, no string guides on the headstock dampening the vibrations...whoooa!
pretty cool all the work he put into it.