So I'm looking at a way to do some home recording. I like the looks of Line 6 POD Farm UX1, with the mic input and the guitar input. It seems like a good deal to do some nice guitar tracks with occasional vocals on top. I really like how there are a bunch of different amp models and effects right there, easily dialed in.

However, I would sometimes like to use my Peavey Valveking w/ soon to come Satchurator. Would it work if I mic'd my amp and ran it through the mic input on the UX1? Would it sound ok?

ALSO, if you can recommend any other ways for me to record from my VK + Pedals to my laptop computer, that'd be great. Preferably ways that I can use amp models and such, like in the POD Farm. Thanks!
Ibanez RGT42DX
Vox AC30C2
Digitech Whammy (FOR SALE!)
Dunlop GCB-95F Crybaby
Boss DD-20
Boss SD-1
Ibanez TS9DX
MXR M-108 10 Band EQ