Ok, I tried it running a single channel into a single 8ohm speaker (very heavy duty speaker). I A/B tested it side by side with and QSC 1804 and a Yamaha powered mixer 512sc. The peavey seems to have kind of a midrange or low midrange hump and it's limiting was the harshest (kind of farts on low notes, but sings when plucking) I think the 1804 sounded the best, but the peavey isnt bad, lighter and less expensive. The 512sc is an excelent unit and can act as a all in one bass head and really decent; not quite as loud as the dedicated power amps, but holds its own. I used it as a pre amp for the power amps.
The peavey seems to shine as a dedicated sub amp. I set the internal crossover and cranked "bass down low" Dev. The mid hump gives it great impact, and the bass is good too. It was getting late, so there was no A/B on the sub use, and this is a bass guitar forum anyway.
It seems to be a good amp, and although the 1804 is a lightweight amp, it feels like a brick compared to the ipr3000. The ipr stayed cool in this little test.
in my test, if you turn down the mids a little, the peavey sounds great as a bass guitar amp.
Mark