I really dig vintage amps, but here are some points in favor of a gainclone:
- if you can solder, I think that GC has some advantages. Having fresh solder joints, new caps and resistors, new transformers, binding posts, pots and switches outweighs the allure of vintage ( to me ).
- You have just about as much work in restoring vintage as building a GC.
- GC are pretty simple, so less in the signal path.
- If you have an issue with a vintage amp, there may be some serious troubleshooting involved.
If you are just curious and you are concerned about laying out some serious cash for a vintage piece, I'd say build a GC, you won't be disappointed and they are cheap, so it's low risk.
If you like vintage for the cosmetics and nostalgia......do like I did, buy a vintage piece that is completely shot, gut it and use the case to house your gainclone. That way, you have the vintage look with modern circuits.
Otherwise, just be patient and wait for a good deal on CL. Every one of my 4 amps are very well regarded and cost me less than $100 each. You DON'T have to pay an arm and a leg for good gear.