Definitely does. Just looking at options as I'm going to have to get my own bass "head" (I'm borrowing someone's) and seeing different things on rig rundowns, where they aren't fully explained, sometimes makes it confusing. I just don't like to box myself in and have nowhere to go, ie. Buy a small contained head and then need to buy a whole new rig for bigger stuff.
Since you are interested in Justin's amp setup here is an interesting thread in the effects forum in case you haven't seen it:
http://www.talkbass.com/forum/f36/tool-tone-fx-sticky-thread-ver-1-a-620296/
It explains how his signals are split. I hope by now that you have an understanding of what a preamp, poweramp, "stand-alone amp" and DI is.
Basicly it's starts with his tuner pedal splitting the signal in two.
One of those goes: tuner --> some dirt pedals and eq --> GK2001RB ("stand-alone" amp) --> cabs --> mic --> mixing board of PA
The other goes: tuner --> bunch of pedals --> Demeter preamp - Radial JD7
The Radial JD7 then spits his signal again:
JD7 --> GK2001RB --> cabs --> mic --> mixing board of PA
and
JD7 (DI output) --> mixing board of PA
There are also some great drawings somewhere that makes it a bit clearer how his signal flows.
I'm no expert on Justin Chancellor's rig, just a fan of Tool and I hope my description was somewhat correct.
In this case I hope it is safe to state that the Demeter preamp isn't used as a preamp per sé. It's used as a toneshaper. It isn't driving any poweramps. This might be confusing, a preamp can mean different things. I think bongomania has a great article on preamps on his ovnilabs website. (You definately should check that out as it is very informative to people who are new at effects and amps and any equipment in between.)
But... to give you advice... setting up a rig like Justin Chancellor is overkill if you are just a weekend warrior. And I don't think your band mates are going to welcome it.
It's fun to obsess what the pro's are using, I do it too, but for us regular Joe's what we use must be realistic.
Advice: keep it simple. Avoid as many hassle as possible setting up your rig.
I own several amp heads, preamps and poweramps. My favourite setup to use is a preamp/poweramp setup. A Sansamp RPM into a poweramp. I can get my most desired tone out of that one and it is a great DI.
However, these days I mostly use an Ampeg PF-350. It's good and simple. It gets "my jobs" done.
Big complicated rigs are usually for big needs, not necessarily for better tone. (I am weighing my words here, devoted pre/poweramp users might slam me for this.

)
So right now you only need to aquire an amp head...
Under the assumption you most like Justin Chancellor (sorry if I'm wrong) I would say Gallien Krueger.
Even if you are not of his tone, you can't go wrong with Gallien Krueger either way.
What cabs are you using?
My opinion is that your cabs are even more important than your amp.