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In no way shape or form is this a "bad" piece of equipment, I did however get rid of mine; I can explain.
Right off the bat this amplifier is an icon and I have no negative bias towards it, I got rid of mine however due to a couple reasons. First, The model that I owned was an original from the late 70's, so it was the largest Fucking piece of equipment I've ever owned (i have speaker cabinets that are easier to transport than this thing!) 2x12 combo amps by nature tend to take up space but this thing weighed 100 lbs and took up 1/3 of my entire bedroom, eventually it became more of a hassle than recreation. Second, I much prefer high-gain distortion and overdrive tones as opposed to cleans and reverb, so by nature this amplifier is much more difficult for me to work with if I have no overdrive or distortion pedal. The unit itself however does in fact sound very good and produces a multitude of classic and rich sounding tones, the built in chorus and vibrato effects are phenomenal and really allow you to mold them into a very unique way that modern amps simply don't offer anymore. I haven't plugged into one of the re-issue models that are being produced nowadays, so I can't tell you if there are any differences in how they both sound; In retrospect I'm very glad I owned one for a brief period and got to experience one the most influential solid state amps ever manufactured.
Good, but not great
Loud and clean, great chorus and vibrato. But rather noisy (mine is from 1976, new ones might be quieter) and does not take distortion pedals as well as people say. Much better than the average modern solid-stade amp, but nowhere near my LAB Series L5 in quality.