I’ve had a full fat US Stingray, a US SUB and a Ray34 in the past (plus a Ray5 but I’ll leave that out of this post, for the most part). My favourite, both tonally and playability wise, was the SUB, it was a doddle to play and had a warm tone, although definitely a Ray (2 band EQ). The full on, US Ray, was beautifully made, although I found the all maple neck quite chunky, the 3 band EQ was a bit more aggressive and not as, let’s say vintage, as the SUB. Again, quite definitely a Ray. The Ray34 was reasonably well put together, but had a raised fret that needed reseating. It felt OK, played fine, but it wasn’t quite the real deal, although most definitely a Ray and I found the EQ quite brittle, I didn’t keep it for long. In short, there was definitely a difference between the offshore and US models, but given the price difference, I’d expect there to be. Things may have changed, but assuming they haven’t, a Ray34 will give that Ray experience, right down to the considerable weight they all seem to have, but it will probably lack that attention to detail sheen that more expensive models have. This could all probably be addressed with electronic upgrades and set up fettling as and when you feel it is required. In conclusion, the nicest Ray I owned was the 5 string. It was an old one that wasn’t too heavy, was easy to play and had an old warm, worn pickup (alnico I think) and preamp that wasn’t too in your face. It is one of the very few instruments that I wish I still had.