I would also tend to believe that the majority of what we consider 'production' cue makers today started out doing what custom cue makers today do thus resulting in a much better product than what they're putting out today. Back when Dan and Bill started with Joss Cues, the way that they made and marketed their cues is pretty much the same way that custom cue makers make and market their cues today. In that I mean most likely taking a lot more time in each individual cue during the material selection process as well as the building process. They also spent much more time dealing directly with the customer during the making process.
I think this is the same for many of the production cues of today. Which is why a Joss, a Meucci, and even a Viking back then was probably a better cue, and comparable to a custom cue of today when it comes to one on one customer service, material selection, and man hours. Today however, many of the production cues are made overseas, and often by one of a handfull of the same operations. Which means that if you take into consideration the numbers of cues that come out of any given production plant, it is literally impossible to be as selective with materials (shaft wood) as these companies likely used to be, and it's also unlikely that the same TLC goes into each individual cue during the production process as it did in the past.
That being said, the best hitting/playing cue I have ever had the pleasure of laying my hands on was a Lucasi with a 314 on it that I friend of mine owns. Complete with the plastic inlays and all!! This one particular cue just did everything right!!
dave