I set my gain at about 2 o'clock and that's the point where it just peaks when I really dig in with a P-bass. I usually use this head with 2x15 cabs - an SWR big bertha and an Ampeg B25B. With the bertha I'm playing with a fairly low-volume group in a basement so 9-10 o'clock is loud in that room. With the B25B I'm playing with a stupidly loud rock band in a rehearsal space and I'm usually running the master around noon but that is incredibly loud (and yes, we're all wearing ear plugs).
If you can't get clipping from the gain knob set at 1 or above there might be something up. Either that or you've got a really quiet bass. Or a really light touch. I guess until you can compare with another PF we'll have to sit around and scratch our collective heads.
Actually the behavour is the same with my 78 P-Bass which has a nice, stout and fat sounding stock pickup, that's got a little more output than most other P-Basses I run across, or my Geddy Lee Jazz, which isn't weak either. I'm known to dig in pretty hard as a finger style player, and while I do finesse as needed, I'm not a light touch player. I can crank the gain up and no peak indicator light comes on so it's got an issue.
