Tried this (after putting the preamp gain back where it was when I first opened the pedal), and got a more than lightly fuzzy sweep, but the beginning of the sound had a definite crackle and at the low end it sort of warbled a bit, then as the frequency rose I could hear definite 'steps' (if that makes sense?) as well as some other odd sounding artifacts. It doesn't matter where I play a note, it sounds pretty much the same every time. I did find that if I decrease the low end of of the EQ on my bass the warbling decreases a little, but is still present. If I drop the sub to 0% the warble goes away completely, if I drop the octave and square to 0 most of the artifacts go away but the sweep still sounds 'steppy'.
I am thinking I got a bad pedal. I was sort of suspicious from the beginning to be honest, as, first of all, there was supposed to be a 2 week backorder, but suddenly the pedal shipped, then when I got it I found that the pedal came with an incompatible power supply (a dunlop which had a connector that was in no way compatible with the pedal), so I had to call up customer service and have them send the right power supply. Then when I started trying it out and it sounded funny, when I went to take the cover off to try adjusting the preamp gain, I noticed that the screws were dogged out a little, as if someone had already been inside the box a few times... So it looks more and more like they just shipped me a broken pedal that someone else returned, looks like I will be shipping it back to them so they can send it to someone else
Anyway, Thanks for the help guys, it is good to know that for the most part these are good pieces of equipment. I am half considering just calling it quits with musicians friend and sending the pedal to EHX to repair under warranty, as I suspect I am going to be paying to ship this broken pedal back to musicians friend anyway, might as well just pay to ship it to the guys who know what to do with it to make it work, and thus avoid getting another bunk pedal from MF.