Scruffy,
This looks almost identical to my Love Rock ALS60, which I bought new in 1988. In fact, its only a few serial numbers away. The only difference is mine has a pickguard and PU covers (but has Zebras underneath). Also mine is Vintage Cherry, I'm not sure from the pictures what this colour is.
Quality wise, I couldn't be happier with mine - great neck, light weight, beautiful flametop, good sustain, very satisfied with the stock Tokai 57 PAF pickups. I'd put it equal to if not better than a production Gibson Les Paul, although not as fine as the Historic series.
Hope this helps, Gary