evidently someone hates his peavey
I have had some good Peaveys over the years, and like with most brands, some crummy ones too. No reason to get all insulting about it.
But anyway, so far as I can tell, 'mud' occurs with too much buildup of low end. I don't know much about frequency specifics, I just know that one track with a heavy bottom sounds good and thick and solid, where with four layers of tracks with a heavy bottom, all that low-end muffles each distinct part. It all becomes a kind of 'woomp'y sound instead of punchy. With trebley tracks there isn't a problem, they don't all pile up on each other as noticably as bassy ones, so you can still hear distinct separation. The oompf of a bass, a kick drum, a proximity effect of a vocal, or a big guitar chug all get muddled together to the listener if they aren't carefully isolated into different low frequency areas, and the result is "muddy"