Okay, so due to certain circumstances, I have an Ibanez Bass amp right which i use with my electric guitar. I've tried a reverb pedal and it seems to work fine. I was wondering if a distortion pedal would work fine or would i be left $60 poorer with no distort? I would appreciate the help.
It would work fine.
Stromberg Montreux
Schecter Hellraiser 7 String
Mesa Boogie "Son of Boogie" 100W Head
Mesa Boogie 112 Cab with a Celestion Vintage 30
Electro Harmonix Small Clone
Death By Audio Fuzz War

I use my pedals on my bass - works fine.
The only difference between bass and guitar pedals is bass pedals sound better as their designed for lower frequencies!
The gear:

* Epiphone Les Paul Custom
* Schecter Jeff Loomis Signature 7 String
* Fender Squier P Bass
* Blackstar Stage HT-60
* Original Crybaby
* EHX Small Clone
* Boss DD-3
I run my bass through my Pro Co Rat, it works fine, sounds very distorted, though it kills my low end.