I've got that Epiphone Sheraton and it was super cheap-
The intonation, etc. was just shit but a solid set up got it in much better shape.
It's not a $99 guitar but it's not far off. Maybe $250-300? Can't remember but I know it was dead cheap.
Pickups are hardly nuanced but they've got it in the ballpark of what they're indending to do.
I'd love a 335 but I can't afford & this fills that spot until I can.
With just about all gear it's a weird dimishing returns thing as the price point rises.
The improvement from $100-$500 is huge comparatively, the improvement between $500 to say $1500 is great but less of a leap, then from there it's kinda single digit tone, etc. improvements % wise but HUGE price tag jumps at every step.
It's the whole "80%" or "90%" thing. Getting those last 10-20% are insanely expensive now.
It's like sound reinforcement. To get just 2db louder at a certain point requires double the amout of speakers. It all feels very non-linear in most of cases.