Hey RG,
You are correct that none of these guitars have a locking trem. They have a two point style trem based on the current Fender Strat style, but the metal is some garbage pig-metal that I wouldn't use for a paperweight. Funny thing though, on the Fenders, they all come with a brass bridge block which is really nice for the tone, so that helps counter the garbage metal a bit if you swap out the pickups for some good ones.
The Fenders I have are like the one you sent the link to, but not painted in solid colors like that. They have the same carved tops, but are all finished in some kind of sunburst with clear lacquer on them.
The Squiers that I see on ebay are targeted more towards the Metal players with the kind of finishes that appeal for that sort of thing, like the Celtic Showmaster, and the Blackout with the Tong symbol etc. They are selling on ebay very cheap, averaging about $150 USD. That's because they don't have the locking trems.
I don't know what kind of pickups come with the Squiers, but the Duncans that came on mine sucked pharts out of bus seats. I've replaced both of the H-H models with DiMarzios, Air Zone, and Air Norton in one, Steve's Special, and Air Norton in the other.
I've tried the Super Distortion and didn't like it because it doesn't do clean guitar tones. Even with the volume on the guitar rolled back enough to actually get it clean, it doesn't have enough volume left to give it any sustain. The Steve's Special will give you all the crunch that you get from the Super Distortion at full volume, but it cleans up when you roll it back. It's a bit too much of a Metal-ish tone for my taste so I'm thinking of replacing it with a Norton to balance it out with the Air Norton in the neck. I might even use a Duncan Screamin' Demon in there instead, because that one is a Ceramic and Alnico pickup, instead of all Ceramic like the Steve's Special. Eventually, I'll replace all the hardware on those, probably with FR styled trems.
Harley