From my experience:
- LTDs are better-made.
- Ibanez GIOs sound better.
At least to my experience, comparing my good ol' Ibanez GSA and an LTD VP-50 I tried at Ranking. Feel-wise, I liked my GSA better but then and again it's neck was maple and had a dull natural finish, whereas the VP-50 had a shiny black finish. So personal preference on that front...