So, looking back, I have to agree with Gball. When I got rid of my (largely unreliable) JTM-30 combo and 2203 head, I was excited to get the DSL40C as it was a lightweight tube combo and priced very reasonable.
But the day I first plugged it in, I knew something was off. Of course, this industry (and often our peers) encourage us to modify things until they sound right. I too took this approach.
To be brutally honest, the DSL40C doesn't even come close to delivering the tone that the 1997 VS265 puts out - regardless of adjustments.
Now, I have been scolded privately for not running a TS-9 as a clean boost and running the amp only on the 'green channel.' However, to my mind, then why have a 2 channel amp???
I don't even own a dirt pedal and I didn't need one with my 2203 (1 wire mod IIRC) or the archaic JTM-30 (that overheated even with a cooling fan added) and I could roll up enough gain to please my picky ears with both.
Interesting that i run a GE-7 on my Valvestate VS265 to roll off some highs...with line-level output - no boost. So, yesterday, i plugged it into the DSL40C and it killed a ton of gain. I was amazed that the GE-7 would produce such an effect. It puzzled me actually.
I spent about 2 hours, before heading off to the studio, playing through the DSL40C at very high volume. I found settings that gave me a fairly decent tone, but it still didn't seem "right" to me.
I then switched over to the VS265. This turd buzzes even if nothing is plugged into it, but holy smokes, it just screams.
That almost piercing edge on the b/e that I get at high volume on the DSL40C is absent. The Les Paul sounds bigger, fuller and punchier. The speakers move enough air you can feel it and at 3/4 gain, it doesn't lose its definition and clarity, even with F# palm muted passages.
WTF???
I probably spent a good 45 minutes on the VS265 at volume settings of 1/2 to 2/3 - and brother let me tell you...that's loud...and the tone was fat and punchy with speaker movement you could feel.
At 1/2 gain, and with the Gibson 498T, you can totally nail the "Round and Round" or "Breaking The Chains" tone - no pedals required. Crank the gain to 10 and you have "Symphony of Destruction" without any loss of clarity.
Noisy as hell...but delivers such a rich, full, 'big' sound that its ridiculous. Switch on the onboard chorus and its get noisier yet, but sounds even better.
Go figure...Fugly-ass old Valvestate still puts out.
So, live and learn I would say. Try before you buy and avoid being tempted to invest enough money to change an amp's characteristics...