Alan Ratcliffe wrote:
It's not a stupid question - but it is a common one. ?
The effects loop lets you put effects in between the preamp and power amp of a guitar amplifier. Most distortion in an amp comes from the preamp, so think of the preamp as another (bigger) overdrive pedal. Any effects you would usually put after distortion (delay, reverb, pitch and some modulation) work best in the FX loop.
One thing to be careful of is level - unless specially designed to work at instrument (pedal/-20dB) levels, an effects loop is usually line level (+4dB, or over 100 x the power). Many stomp boxes will fry at these levels...
Will the effects of using modulation effects without an effects loop be dramatic?