I have not used Fenders switches that much. I have had cheaper version installed for decades in some of my guitars but somehow I have had more problems with the cheap ones in the last couple of years.
This is why I invested a little more in Fenders 3-way and 5 way switches.
The quality is very good but you need to be careful soldering when you install it.
The cheap switches have taken a big part of the market and the result is that many pickup manufactors only supply wiring diagrams on the cheaper versions. But if you search enough it is still possible to find good diagrams. Still - I need to have a physical evedence that it is worth the extra cost.