I'm a recent owner of the v2 RC. Very happy with it so far! As others have said, the first gain stage is more or less just a clean boost. I can get it to drive my Sushi Box preamp (set on the cusp of breakup) into, well, overdrive! But just barely. The second gain stage definitely has more drive on tap, but it's still not super heavy by any means. Except at the highest end of its sweep, but then it also IMHO gets a bit farty by that point. Definitely seems intended as a low to medium-low drive channel.
@arepa_funk I'm doing something similar to your suggestion; building a little "bare essentials" fly rig, and it's gonna be tuner > OC-2 > RC > Sushi Box > compressor. It should be a perfect fit for a board that doesn't require anything more than mild overdrive, but provide a solid boost option.