Built well, tons of clean headroom, reliable, spring reverb, takes pedals extremely well without coloring the sound, Scorpion speakers which will not distort even when playing loudly. Downside is the weight which today's generation has a problem with, along with my generation who cannot sling amps around like we used to.
The 2 twelve inch speakers have a big sound and I think the additional speaker makes a big difference for filling out a stage....overkill for home ? Maybe...but nice to have when the urge hits to get a big sound.
What works well with these type of Peavey amps, is an additional EQ pedal, especially for the over drive / solo channel to adjust the mids for scooping or tweaking depending on the tone style you want. You can add more bottom and take out the frequencies that would make it sound muddy otherwise. The manual is available at the Peavey website and Peavey customer service has a very good reputation.
I see yours comes with the foot pedal and cable....that's huge, meaning you can combine the 2 channels which makes for some interesting tone options. Those pedals on their own are a pain in the butt to find and usually aren't cheap because of that.
Because these amps are heavy and solid state, they get overlooked and as said before, they are normally priced in the $200 range in good cosmetic and working condition, so if you need a good amp for playing out and can get it at a serious bargain, it's not a bad choice. Good luck.