Same thing, probably a bit more loved than Burny and Greco even, when looking at the 80's made ones.
Orville had the Gibson-connection; some of the supposedly better ones even had the 'by Gibson' tag on the headstock below the logo:
Tokai generally has been more expensive than Burny and Greco. Not sure if you get more quality if you're comparing 'equal versions', since all these Japanese Les Pauls had lower-end and higher end stuff.
Take a Greco EG-1200, you probably pay $3k or more for those these days.
EDIT: Make that $4k.
Or $2.4k for a worn out, ugly one.
That's Gibson money. But my firm belief is that the intermediate and higher end Japanese ones were far more consistent than what Gibson was churning out in the 70's and 80's. Mind you, I've played an awesome 70's Gibson LPC, which turned out to be the local town's 'slut', as I found out that it switched owners at least 4 times all within a 3 mile radius.
But boy, were there some dead stinkers too, that still fetched $2k+ because of the name. And in such cases, I rather fork up $2k for a Japanese made guitar, with eye for detail, quality and consistency. I'll probably yank out the electronics anyway, as I did with my 3 Burny's, so there's Switchcraft, Bourns and Tusq stuff on it. And Grover or Gotoh tuners.