New answers tagged electronics
Short answer: Yes, but... The first guitar I bought was a Peavey Predator, a bottom-of-the-line, budget Strat clone. Several years later I came across a good deal on Fender Custom Shop Strat pickups, so I got them to put in the Predator. Yes, it did improve the sound a lot, but like your guitar the frets were very worn, the tuning machines were terrible, ...
If you LOVE the guitar getting it set up properly and fitting new parts will improve its playability. But it will still be a cheap guitar. PS even cheap guitars can sound wonderful played by the right guitarist.
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