Pull everything except bass, keep the bass on 1-2, put everything else between 7 to 10 except your masters. Graphic EQ would be in your basic V shape and used to tailor your sound to exactly what you're looking for. I think my exact settings were something like 8 (P), 9 (P), 1, 5 (P), 2 (P), 7 (P), 7 (P). It doesn't say it in the manual, but pulling R2 while in the Lead channel will give you a slight boost in gain. And yeah, the mid knob barely does anything. Almost no difference between 0 to 10, so I just put it on 5.