I don't know why moltenmetalburn told you not to record with it... You said you are looking for a cheap solution. Bias is a great cheap solution.
You can actually come up with some great tones for your recording. Of course, there will always be those purists who will poopoo anything other than a mic/cab.
LOTS of people record with Bias.
CaseyCor is correct, there are free solution as well. I don't think they are quite as good as Bias but still something you can use to record at home.
You can find free Irs all over but if you don't want to spend time on that, buy the Ownhammer Heavy Hitters pack and be done.
http://www.ownhammer.com/store/index.ph ... cts_id=382
I expect you aren't trying to produce a world wide distribution for your touring act. Context is everything.