Japanese convention

Had been spending time with these two lately: Ibanez AZ2203N / Fender Traditional 70s (Japan). While both sport similar attributes, these are two different beasts.

Ibanez AZ2203N: Heavier than its Fender counterpart, more bass tones regardless of clean / distorted settings. The Seymour Duncan pickups love drive / distortion. The neck here is thicker than the Fender, to be more precise it's a thick D. Not saying the Fender has a thin neck but this one's thicker. 

Fender Traditional 70s Stratocaster: Lighter than the Ibanez, more treble-ish. Default pickups dislike excessive gain / drive. The neck profile is the typical Fender C, the edges are not really rounded & this will affect those thumb-over-the-edge players. Thinner frets, will not appeal to shredders or those peddling bass notes most of the time. 

Will one of these guitars replace the other in terms of needs? No. While both are single-coil equipped, the voicings on offer here are rather different. If you thrive on modern single coil tones, the Ibanez is a wise pick. The Fender is, well, a typical Fender. The default Japanese pickups are clunkier & rather harsh, very suitable for those in-your-face blues tones. Not influencing any choices if you are in for a triple single coil guitar, just putting things in perspective.