I would highly recommend checking the Instrument sales on Craigslist in your area. With the recession where it's at, you have a lot of people selling their gear to make ends meet and it's not all scams, just honest people trying to make money. In my area I saw a 300 Watt Line 6 amp and a Schecter C-1 for $300 together or $150 a piece.
In terms of guitar I would go with the Ibanez just for what your son is doing.
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