I've seen this trotted out in forums and guitar magazines hundreds of times.
Whenever you get a bit of kit with loads of mediocre sounds they always say: "I suppose it might be good for people in function bands that need a lot of sounds", but in my experience this is rubbish.
I've played in loads of function / pub bands and I've never needed a wide variety of sounds.
Essentially once you've covered: spanky, slightly dirty, rawk, there is very little ground not covered.
In terms of other FX I've only ever played I think 2 songs that really required modulation (Police and Paul Weller)
A wah is often handy and unless you are doing U2 or similar you don't even really need a delay ( certainly hardly ever use one)
I would postulate that almost any function gig could be covered with a Tele, HRD, TS, Rat, Crybaby so where does this whole "wide variety of sounds" stuff come from?
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I'm a big advocate of a nice clean amp then get a lot of variety from the guitar(s) controls and playing technique before introducing a select number of pedals.
Typically I have an overdrive, a wah, a chorus and a delay. these will be primarily set and forget in terms of knob twiddling (I have a comp available too) so that just the combinations of FX tel the listener it's emulating the original.
So I can cover Shania Twain to Charlot Church to Nile Rodgers to A taste of Honey to Paul Weller to Lady Marmalade to Dire straights to Elton John to Take that to Free to Spice Girls etc.
Sometimes having a specific effect like a slapback on Billy Joels 'still rock n' roll to me' or deep chorus/flange for Peaches and Herb 'Reunited' or a Fuzz like drive for Hot chocolate requires a swift bend to a knob twist but otherwise you can cover a lot with a little.
Often the audience member has the original recording playing back in their head so all you're doing is stirring that memory up and being 'live', so as long as you don't wander to far off base (at least until you've done a verse and chorus properly) they will forgive a lot.
Because live function work can involve eclectic and indeed erratic set lists, it pays to be able to 'do it' on the fly without remembering patches and having to tap dance. i think the punter won't notice an echo tail a beat or two before the overdriven solo if that saves you fluffing the first line or toppling over.
We all develop out own ways to gig comfortably, I'm comfy with mine.
However there's a few tunes that need very complex sounds - U2 stuff, some psychedelia - best bet IMHO is a Pod HD500x, and download tune-specific preset patches from the vast array on t'interweb.
or ...... get very good at tap dancing and have a pedal board of monstrous proportions and complexity.
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I didn't start the thread!!
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Yes that would be a be a good basic type of set up, but I'd use a Strat instead of a Tele, obviously . I'd like to have a boost so I've got all my sounds at rhythm and lead volume, but if I had to I could use to volume on the guitar. I just prefer the boost post the overdrive.
That's my approach to that song.
Eqd Speaker Cranker clone
Monte Allums TR-2 Plus mod kit
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Only guitar players care about that stuff, if they say anything I always ask them why they're not gigging tonight and I am.