What is today's equiv to the Peavey T-40

Just buy a T-40 and router out the back to lighten it. Job done !

Here's what Chip Todd did for folks. It's a T-60 but the principle is the same.
Chips Lightened T 60.jpg
 
Say a guy wanted the versatility of a T-40 but didn't want the weight. What light to moderate weight new production instrument would be the one to consider?
........put in a pair of splitable humbuckers and some switches to duplicate the electronic setup of the T-40?

There is no modern production equivalent. Without T-40 pickups in the T-40 locations it won't sound like a T-40. The pickups are pretty much unique. There are T-40s out there in the 9 to 10 lb range which is about the average weight of a five string that's not basswood or some other light weight wood.

Hmmm...Does it create neck dive?

I've had my hands on one and it did have pretty serious neck dive.
 
As far as comparable versatility goes, a modern and more reasonably weighted instrument might be a EBMM Big Al. They're usually in the 9.5 pound range and they balance very well. This doesn't mean that they are going sound the same, but you can get a whole wide range of sounds out of a Big Al.
 
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Maybe someone needs to get a license from Hartley, or whoever is running Peavey these days, to build a reissue T-40.

I had a T-40 and it was OK but i liked the Dynabass that replaced it even better. Just sayin.
 
I liked my T40 but don't really miss it, mostly due to the weight.

The main reason I bought it: $290 out the door with a flight case at a time when even a P-bass would have set me back at least double that. I tried lots of basses at the time: Kramer, Spector, Gibson, Guild, Fender, Rick, Music Man, Ibanez, Washburn, Aria, blah, blah and nobody was less than $500 except the off-brand imports like Hondo and Memphis.

Peavey definitely threw down the gauntlet to the other US companies but they all responded by going to Asia, eventually forcing Peavey to do the same to compete.

An L-2000 comes close but the pickup spacing is all wrong, the patented tone control/coil splitter is missing and of course the US model is expensive, unlike the T-40.
 
Maybe someone needs to get a license from Hartley, or whoever is running Peavey these days, to build a reissue T-40.

I had a T-40 and it was OK but i liked the Dynabass that replaced it even better. Just sayin.

Why did you like the Dyna more?? I REALLY want a T40. The weight thing doesn't bother me. But my main reason for wanting one is for the T40 sound, look and versatility. Why did you like the Dyna more??

EDIT: and how did the two compare tonally??
 
The T-40 is a unique sounding bass. I've had plenty of basses but never got the tones out of them like I do with my T-40. I really think it is a wonderful bass. I just love my Precisions and Rays too much to keep it as it doesn't get played.
 
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