Still a real Buescher before the Selmer take over , does the S-40 mean it is inferior to former Bueschers ?
There's your answer interinfo. But man, you keep asking all these questions in what seems to be an attempt to get someone to tell you that a super-low priced 'bargain' basement horn will be every bit as good as a top quality vintage Buescher (or Conn, Martin, King, etc) from the period when they were making the best of their line. It just ain't gonna happen.EBIC was Buescher's second-line, inexpensive brand. So, the short answer to "is it inferior" to former Bueschers (assuming you mean the ones built before this one) is yes. Still played in tune with a nice sound, but lacks many of the features mainstream Buescher horns of the prior years.
I just told you, but for clarity will say it again. 1930s to the early 1950s Aristocrat. As I said in other threads, the script-engraved 156 Aristocrat generally goes for less than the Big B engraved 156 Aristocrat, although it's the exact same horn aside from the engraving. So you might find some savings there. As to 'pretty cheap,' it's all relative. For what you are getting (top quality, great horn), the market price of an Aristocrat in good playing condition from that era, is a bargain, even though it will cost more than a Bundy or a post-buyout so-called "Aristocrat."