FWIW, as of Oct 2016 I don't believe that the reliability issues with the PF-350 and PF-500 have actually been resolved.
I bought an Ampeg Micro VR head with two 210AV cabs a few months ago and I love the rig, but that head does not have enough headroom for a bar gig. So, I recently bought a PF-350, in spite of the fact that the new PF-350 demo model on the floor at Long&McQuade here in Canada already had the fault light lit and would not produce any sound at all when I tried it.
Although the PF-350 sounds great and has more headroom than the Micro VR, it still doesn't have the volume or thump that I was looking for out of those cabs. So, I returned it today and tried out a new PF-500 in the Long&McQuade store. Although it sounded awesome through a 210AV with plenty of low end, within 2 minutes at relatively low volume (I was playing out on the floor of the store about 30 feet from the cash register), the fault light came on and the amp died for a few seconds, then came back on, then kept repeatedly dying until I turned the volume down.
Needless to say, I didn't buy the PF-500. I really love Ampeg tone, so I guess I will have to start looking at the PF-800 now? Seems like overkill for running two 200W 2x10 cabs, but as a Royal Blood-style 2-piece band, I can't have the bass amp cut out on me in the middle of a song.
Anyone have any other suggestions for a rock-solid Ampeg bass head that is easy to carry around, without a million tubes that need replacing every year?