The Classic 50's Precision (I assume you mean the one with the gold pickguard) is a nice enough bass, but the one I played had very low output and didn't have much about it, whereas the Highway One uses American parts including the pickups, so it's probably going to be a nicer instrument, although watch out for the HW1 nitro finish. It's prone to flake off in places, but some people like that
But as always, you're going to get good and bad examples in all mass produced ranges, so try before you buy.
Rich.