Hi Keith,
For $200 i believe you got a great guitar.
The SD402 is not a replica of anything. The Strat,Tele,LesPaul,etc replicas are from the "Traditional Series"
Yours is a "Custom Edition" which was Tokai's foray into more than just being a replica Company. The Custom Edition included some amazing guitars, different woods and materials were experimented with. I would rather play an alder body guitar than poplar or basswood any day. This is MY personal preference only - not a yardstick for anyone else.
In terms of set-up,this should be same type of setup as a regular Strat. The only tool you should need is a philips-head screwdriver and a good quality chromatic tuner...maybe a small allen key also.
I have a setup for Strats that will allow you to use the wang bar up 1 tone, down 2 tones and come back in tune without any modifications.
Peter Mac