yep. its been good in the two amps ive done it to (a musicman and a jcm900).
Its also been really nice in every stompbox ive tried it in too (many different ones).
So, assuming your laney uses clipping diodes in the preamp (same as channel switching jcm800s, and every marshall after that) then it should make a noticeable improvement in terms of what you initially were asking about. Try replacing the original diodes with sockets, so you can experiment many different types of diodes without any further soldering.
Definitely worth trying the sound with no clippers at all too!
...dont do any of this until you are sure to have fresh, strong and well biased tubes in your amp tho...