IMO, you are mostly correct.
You can make a garbage electric sound good with a lot of electronics upgrades. You will never make a garbage acoustic sound good.
The quality of the build, the woods selected can have an effect on tone, sustain, playability, intonation etc.
But most of the sound of an electric comes from the pickup chain.
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Fazool "The wand chooses the wizard, Mr. Potter"
Taylor GC7, GA3-12, SB2-C, SB2-Cp...... Ibanez AVC-11MHx , AC-240
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