"It's a great looking and sounding guitar." - it's what it's worth to you. For the record in the UK a "Standard" Squier goes for about £165-200 -say 250 - 300 dollars. If you got yours for $200 you should be pleased. Dont stress over what it says on the headstock - hell all my guitar are *cough* budget makes (others may say cheap and nasty),but as you say it's if it sounds good to you...
I think Squiers are made out of fairly decent wood these days check Fender.com for this. I've played nasty and neat squiers and know of pros usng them and pros hating them . Guitars are very personal things, have fun and hang loose.
James.
Accuracy,you say? hmm interesting concept..