I've had good results with a V-amp pro (rack version). I set it up for a friend who plays for a living. I set him a dozen of patches, and set it up with the midi pedalboard. The v-amp was connected to a behringer "sonic maximizer" type device -> mixer -> PA poweramp -> PA speakers. Can't comment on it for recording, but it's been more than 5 years and my friend still uses it live once or twice a week on the good months.
Oh, and yes, default patches do suck. Always, on any brand.