Have not waded the thread, but EBMM quality control is way ahead of Fender, and the SR is an iconic "forever" product, while the Elite is yet another effort to capitalize on one of the original "forever" products, but in the hands of a company that has strayed from the true path.'
That said, try a lot of Rays before you pick "the one" - variability of woods, weight and mojo can lead to tonal differences, and beware of the subset of Rays that have a weak G string.
That said, try a lot of Rays before you pick "the one" - variability of woods, weight and mojo can lead to tonal differences, and beware of the subset of Rays that have a weak G string.