Yeah, it's a case of using what I've already got, as others have said. And this Peavey body is a nice one. In fact, one of the only reasons I've thought of buying something like a Squier to mod instead, is that I think my Peavey is a rather underappreciated guitar, and I don't want to screw it up too much. So what I'm planning isn't anything that can't be reversed fairly easily. Not that I see the value of US Peaveys shooting up any time soon...
In reply to ditchdigger: I'm certainly not going to nail a serious vintage Tele tone for the sake of the scale length, neck and board material, just looking for a Tele-ish approximation. I'm not opposed to finding that tone of my own anyway - I know nobody else sounds like me on my old Harmony.
In reply to Ian F: The Peavey is 25.5", and I have a Warmoth 'conversion' neck, which is specifically designed to intonate on a guitar with 25.5" scale originally. They think of everything these days.