I have many years of playing experience and know my way around a guitar. In February 2017 I got the Metallic Red version that is identical to this blue version in every detail except the color. Within a week I knew I should send it back, but I gave it a chance. MY mistake. I think you should continue your search and spend a little more. Leaving out a Tone control is really a stupid move. I thought I could make up for that by switching the pick up's as I play, the bridge being clearer and lighter and the bridge should have more bass. Well that is not working very well. Again, stupid, stupid, stupid to leave out a tone control.
The good is it has 25 frets, the neck is somewhat fast. The second fret on the Hi-E is so high that I have to compensate by setting the strings higher than what otherwise would be a low height for most of the frets. I could file it down and also loosen the adjustment rod in the neck to get the low frets to rise up. I may do this.
Just a heads up, the volume knob has very little effect, meaning it's either off/low/high with not much ability to actually modulate the volume.
The Floyd Rose Special Tremolo is average and not really any better than those on the Fender Stratocasters. The Grover Tuners are very good but why did they place the tuning knobs under the head-stock. It's very difficult to tune the guitar using them. Good thing that once it's in tune you can use the fine tuners located on the tremolo bridge. They work very well. I am complaining about the location of the tuning pegs because I like to tune to different turnings and that's when the difficulty in contorting my wrist and hand becomes a problem. It takes a while to get the tuning and Tremolo springs and bridge height just right and the underside location of the tuning pegs handicaps the tuning BIG Time.
My 25 year old cheap Chinese Squire Bullet Stratocaster is a better sounding guitar by far and has a greater variety of tones. I guess you could change to a heavier gauge of strings on the M-400 to improve the tone. I may do this. I think it was a Poor choice by ESP to put such light gauge strings on a guitar meant to play Metal.