I got an Elf last summer. With my 4 ohm 210 it's a pretty nice surprise with a "small band' in a smallish-to-mid sized room. If you have pa you're all set.
A pair of efficent 2x 8 ohm cabs with the Elf will be pretty impressive- give it some speakers to drive. And it'll overdrive some with the gain cranked, which dynamically affects the eq.
So, I'd say yes.
Edited.............
And edit...
The tone is hefty in the low mids, plenty of snap up high. Big bottom. Blame thing is not a practice amp, it's fairly farkin' loud. 200 impressive watts. Try one through a cab you like.