This guitar tone is HARD to get with a humbucker guitar, I think mainly because his pickup is so screwed up... I could probably get a lot closer with a P90 guitar, but wanted to get it with a Humbucker. I used a USA Charvel SoCal with a duncan JB in the bridge, tuned down 1/2 step.
https://soundcloud.com/okstrat/panama-sound-clip2
Pete