I've always wondered if anybody has ever seen what's essentially a precision bass body but as a guitar?

Not a strat, just looks like a regular precision bass. except a guitar.

More just curious rather than wondering about buying one. Would it look okay, or would it just look ridiculous?

Photos? link? I don't know.

Thanks guys.
a strat is more or less precision-shaped (except smaller).

or the squier and fender pawn shop '51 were quite close as well i think.

unless you mean the body being as big as a precision.