Hey Jeff, so first step is to isolate the issue. Do you know you have decent output from the new MP-1? e.g. plug it into your micro cab into PC? (or headphone out into either headphones or into PC line in) Has the MT200 worked before ? Try a different line level signal into it e.g. mini jack from you phone > 2 x 1/4" jacks > MT200 > cabs. Are all the leads known to be good? Are you using proper speaker cables (not guitar input cables) to the speakers? Do you know the speakers work? Alternately, if you are running the MT200 into the Microcab and not speakers, the Microcab my be the culprit (are all it's settings correct?).
If the issue is the MT200 (and it may well be if it's never worked for you before?) it may be the output FETS (Field Effect Transistors), possibly damaged by someone using bridge mode incorrectly

. It's unusual for both channels to be damaged, IIRC past issues tend to be one channel not working because of blown FETS but that seemed to be the most common MT200 problem (aside from protect mode issues).
If I understand correctly, you've bought a bunch of gear (Microcab, MT200, Digitizer 4 and now MP-1) but have never been able to use it all together until now that you've got the MP-1. So you need to check each unit separately to ensure they work correctly, any of them could be the issue except maybe the Digitizer 4 (although if it's in the MP-1 loop and the loop is "In" and it's not working correctly it could part of the issue, easy to isolate though, just turn loop off).
You also have other amps (that you know work) so test MP-1 and digitizer 4 with them. When you are sure it's the MT200 (or if you are sure already) then it's time for tests for it.
For me, that you get some sound but it's supper low and fizzy, would indicate either something in the chain isn't working properly (either leads or another unit), but if you know they all work, then my guess would be the MT200 output FETS.