I haven't had mine long enough to know if there is a way to do spillover... right now, my unit does not... I'll dive into the manual tonight when I'm done teaching and see what I can find...
There are so many spaces open for your own presets it's nuts... plenty of wiggle room... again, I'll check the manual for details...
Factory presets: honestly, I haven't used many, because I was too busy fiddling with the cab sims!!! The "modern" preset is what got me to that Gallien Krueger sound. And being that it's a Lexicon, you can't go wrong. The learning curve is a bit steep at first, but a few passes and tweaks and having the manual at your side, it's not any more difficult than any other unit I've encountered.
For less than $300, make sure it's fully functional... if it is, that's a steal in my humble opinion. It makes my Rocktron Xpression sound harsh and digital. It is far more warm and (I hate the word) 'organic' than my old Roland GP-100. It stomps my old Roland DEP-5/DEP-3, the Alesis Quadraverb, other lower end Lexicon units I've had (MPX-110 and 500). It's far and away the best unit I've used in a long while. Again, just my two cents...
I have one locally for sale (without the R1) for less than $300. Before I decide what to do, can you answer this for me just to make sure:
1) do the effects spillover (delay, reverb, etc) when going from one preset to the other?
2) can I overwrite any preset with my own name and settings or just the 50 user presets?
3) how good are the factory presets as a starting point of the effects in this unit?
4) are you willing to give me tips on how to use it? jejeje