Absolutely. I'm in a power trio cover band. I can't say that you'll get all of the various tones of those particular bands, but it works extremely well in a rock setting.
I should have added to my last comment on the fartiness (is that even a word?)...I typically run mine with the drive setting no higher than 2:00, sometimes lower depending on the venue we're playing in. I'm sure it's possible that at a higher Drive setting it's not as tight. With the Sag fully up you'll get the most headroom...so if you turn the Sag down it'll be less tight as well. So if you combine a higher Drive setting and a lower Sag setting you may experience it.
In a live setting you may notice it less. Most of the demos I've seen are pretty crappy and don't really seem to showcase what it does all that well.
It's very important to keep in mind that it's a very low gain pedal. In that setting it's where most people rave about it. When you try to make it do something else (like higher gain) it doesn't score so well. My goal was to sort of emulate a pushed tube amp, like an SVT or similar, without actually lugging an 85lb amp to gigs. Think Jason Newsted's tone on The Black Album. For my purposes it does that very well.
Excellent, sounds the business!
Do you play with a Pick or Fingerstyle? You could play with both but was wondering what style you play when getting these sorts of results. I play finger style with a mostly light touch but I do like to dig in depending on the song/section etc.