A friend of mine came in the other day with a "Léro" guitar. I have found only two things about this brand : it's probably from the 70s and it's a Korean imitation of a Les Paul. Sounds decent, doesn't play bad, I like it. I doubt it's worth something big, but does anyone here ever heard about Léros ?
As for distortion pedals, I bought a Double Muff this summer. I really wanted a Big Muff, but like Ballard said, it always sounds the same. The Double Muff has two channels, (Ch 1 Overdrive, serves as a volume boost for channel 2nd, and CH 2 well, kinda like the Big Muff) and a lil' (very lil') switch to choose the channel you want. Unfortunately you can't switch with your foot, which is kind of sucky, but I rarely need to do so. Also, it's cheaper than the Big Muff.