everyone will say memory man deluxe..ill say it first cause i got it
its warm, and it has a body...like, substance....but its expensive as hell and "hardly" worth the money (it is, but its a pain to pay. i own too many stomps and each and every one is a pain to pay, especially with shit like
the zoom G2 coming out - supposed to be the dog's bollocks - if i had to it all over again, idd just get this G2 stomp, wich is very very good, instead of owning a shitload of stomps, some used for 2 or 3 songs only - sorry about the rant)...anyway..i also have an ibanez de7 that kills any digital delay out there and has a very very good echo simulation...self oscilatory as well if you're into that.
the maxon and ibanez purple ones are very cool too, but even more expensive that
the memory man (very good stomp but very big as well)..
you're right in wanting a true bypass, its useful and efective, and hassle free cause u dont have to undo the whole stomp rack everytime you want another sound, etc...but some stuff advertised as true bypass, may not be..u have to double check.