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.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.
And no one wants to see me in skintight jeans.