Hey, I owned both ampsat one time and for me, i liked the mk iv somewhat better because the cleans were cleaner and the lead channel was better IMO. the lead channel has tons of gain, enough for metal players and it made a great blues tone. The rhythm 2 on the mark IV is useless IMO, the only thing you cna use it for is an alternate clean, or a bluesy tone. It doesnt' have enough gain to pull off a decent rhythm tone. So if you feed something in the signal and tap on the fx loop then you can have an alternate to having a useles ryhtm 2. Same goes for the mark III , it's all shared , have fun finding a great clean , lead and rhythm tone with the same settings. and unlike the mk IV with the fx loop you cannot feed somethign into and tap off the fx loop this, anyways, the mark III s presence knob like stated, is very strong, it's the bridge from a harsh sound to a smooth sound... The only way for you to decide which one you'll like is to try them or ask someone to do an unbiased report for ya!