Ok guys, I'm back with some results:
I played the amp some more today and really toyed around with it, coming to the conclusion that the fizz is killing me. I really love the midrange and cut this thing delivers, note separation and clarity are superb, however there's this constant fizziness going on that neither the presence nor the treble control can tame. It's just disturbing. I'm sure in a band context it'll be fine, cut through and you wouldn't even notice it at all, but playing in front of the amplifier is a complete different story.
Some other weird things I noticed: When I turn on the standby switch the sound fades away whilst playing like it's supposed to, but when I turn the amp off and keep on strumming there is silence followed by a slowly building up sound of my playing coming out of the speakers again before it fades (with the amp in standby).
I played my RG with an EMG 81/85 set tuned to Standard D through it and it seemed to remove some of the fizz (guitar before was my Jackson Dinky with a Painkiller/Coldsweat Set tuned to E-Standard and although I know the Painkiller can create some fizz and the tuning might contribute to this it's just overkill) but not all of it. So the EMGs sounded better but the amp still did it's fizzy thing.
The Footswitch seems to be either broken or have a faulty connection as it first made the amp silent, no sound emerged until I hit the switch on the damn thing, then it reversed the drive and clean channel. (Judging from the LED on it that is supposed to be on only when the OD channel is engaged).
Don't get me wrong, I'm really trying to like the amp, but there are some obvious issues I can't and won't ignore. I still have the 30 Day Thomann money back guarantee and will send it back if following things don't work out:
Changing the Speaker Cab. I had some issues with my Laney before so maybe it's the cab. I'll ask a friend of mine to borrow me his Vintage 30 Cab so I can do a comparison.
Switching Preamp Tubes. I guess I'll try out some JJs as those are said to sound warmer and darker. Don't know if this will make my guarantee invalid though.
Get a technician to switch out the Preamp and Power Tubes and set a warm Bias? I'm sure I could do it on my own but if a technician does it maybe my guarantee stays valid?
Now I'm really not sure what to do. If I just keep the amp and experiment with a warmer Bias and better tubes I'll lose 300 quid in the worst case. Like Toe-Knee pointed out the cheap china tubes and the factory cold bias could contribute a great deal to the fizz and there are still tons of mods that can be done to the amp to make it better, I even looked up Mercury Magnetics and O'Netics Output and Power Transformers that should get you close to the real thing but in the end you get what you pay for and the amp was cheap. Maybe I'm overreacting but I'm trying to find out whether it's worth it messing around with the head or I shall just get my money back :?
Thanks so far for all the input you have given me, especially Toe-Knee and Dmoney. More ideas what could be wrong are very appreciated. I might shoot you a p.m. anyway :)
Cheers!