I say you are both very wrong in many ways. Let me try to explain why.
I got my own Premier Cabria MiE bought in 1998. They were checked aprox. 2 yrs ago (so after 20 years) by my friend (from
www.hallvad.cz), an excelent drum maker and "service man" and he was in contrary to Tommy_D rather amazed by the quality of the shells. Not just the edge cut precision was perfect. It all was. And trust me, he saw tons of shells in his life.
As per the wood, it is actually Eucalyptus/Merranti (pretty much the same as mahagon, tiny bit softer).
They were quality drums for a very reasonable price and I have not faced any HW issue up to now. Wish I could say that for the rest of the manufacturers.
Yes they were produced only for 2 years in England because ALL Premier production moved to Taiwan. Which by the way had actually quite limited impact on the quality compared to Sonor moving to China to name one. Yes, cost savings were obviously one of the strong motivations, no doubt. But was rather due to a list of reasons including issues like inability to find a metal manufacturer in England due to new emission laws (several factories were closed...) etc.
After that they totally reworked the line to Cabria PK (Basswood), APK (Maple/Ash) and XPK (Maple) so these are completely different drums to those made in England.
I have seen couple others MiE Cabria thru my life and I am very surprised with Tommy_D's experience as I have got completely opposite one.
For me they were (and mine still are) really good quality drums and HW for great price. Wood selection is quite exotic which makes them bit special and if you love soft, warm and bit darker tone, these are just perfect. Plus being produced so shortly make them a rarity item, which is however none of my interest.
Premier is one of the most underrated drum maker of all times, if not the most one. Just because Ringo liked that foil (!!!) on those Ludwigs...