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Peavey 240 Standard: oh, so many questions

Well...in so far as what sounds "good" is at least a little subjective...

What I mean is that lots of folks use old Peavey solid state guitar heads for bass, but they tend to be punk/metal/etc bands that value gross, loud tones over what is usually meant by a "good" bass tone. OP mentioned that he got a great "hardcore punk" tone out of it, and that's about what I would expect.

Personally, I love the old Peavey tone that sounds like it comes with a leather jacket, skin tight jeans and permanent sneer.
My grandfather used it for country gigs. My aim isn't to really grind it out too much. But if I need to sound like Chuck Dukowski I can.

And no one wants to see me in skintight jeans.
 
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My grandfather used it for country gigs. My aim isn't to really grind it out too much. But if I need to sound like Chuck Dukowski I can.
Never hurts to have options. I will say, though, that the Peavey 400 Bass I have has a great "clean" tone as well.

And no one wants to see me in skintight jeans.
Ditto.
 
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It’s a guitar amp, makes a pretty piss-poor bass amp and I’ve never seen one used as a pa.
I dunno about the piss poor bass amp part. I just replaced the speaker this week, a few days ago with an Eminence 15, 150W at 8 ohms. To my ear, on the bright channel, its a pretty good tone wise. Articulate on higher notes, plenty of thump to it. And I onky opened it up a quarter of the way. Got to half way and I was thinking, "That might be a little loud for my pad."

I ran a cheap Chibese Dan Armstrong copy, even with the stock noisy pickup, very good, as well as my new Jazz woth flats. I'm pretty impressed.

The only thing I can gripe abouymt is no tweeter/horn type contraption on it, but the ginormous port, about five inches high and running the length of the cabinet makes for a very good sound, punk rock or no. We were playing some James Gang, sounded very good.