I own an Epiphone LP Custom. I bought it used, and somebody, I suspect, had already done a great fret job on it. Intonation was perfect. I changed out the original pups for classic 57's. Thr Grover tuners are good, but not great. I owned a Les Paul Custom in 1968, and I would not trade the Epi for it right now, except to sell it. Yes, the Gibson would be worth a lot more. If I am just going to play it, the Epi is fine. I actually traded an SG supreme with coil taps for that Epi and an American Telecaster. I lost a lot of money on paper, but traded a guitar that didn't work for me for two that do. I also play an Epi Casino. I think my hands are used to Samick necks. The tele is something else entirely. As it turns out, I also own 3 other Epi's. A 26 year old dreadnought that is the campfire guitar now, an Indonesian SG with more classic 57's (expendable travel axe), and a Selena signature cutaway classical. The Selena is pretty girlie, but well priced, which is why I grabbed it, the studio needed a decent nylon string guitar.
All of these instruments have served me pretty well, especially the Les Paul. I am not as impressed by the Les Paul Standard by Epiphone, but the Custom, with a change of pickups, can be a damn good axe. The SG has turned out to be a very nice guitar for the price. These days, I travel with the tele, and have been looking for the right poor rocker, probably a kid, to sell the SG to. This cheap axe is too cool to go to someone who won't appreciate it. A southeast Asian SG with excellent intonation and no fret buzzes! I went through about a dozen of the same model to find *the one*.
My conclusion? The Gibson has better resale value. What is important, however is to get the right guitar, the one you have trouble putting down.
Some Gibsons suck, too, and Martins, Ricks, Fenders. Everybody builds guitars that suck, and many of the ones that don't suck are the wrong guitar for *you* anyway. Don't spend a lot of money on somebody else's kickass guitar. It's like love. When you find the ones that are right, you'll know. So what if it was an old Yamaha, Sigma, Epiphone, Squier? If you think guitars are a fashion show, it's a no-brainer, Epi gets no respect unless it's 60 years old or so. Anyone can be cursed to love the dumpy girl in school, and I love my Epiphones. -Richie