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http://en.audiofanzine.com/guitar-power-amplifier/peavey/classic-series-classic-50-50/medias/pictures/a.play,m.468769.html Kind of a cool piece. As long as you can work in a mildly confined space, I see no reason why you could not make a single channel guitar amp out of it, although before I did that, I think I would try some pedals in front of one of the channels and leave the amp alone just because of the notion that: right now, you have a "something". If you start to tear it apart, until you successfully make another "something" out of it, you have a "nothing".
The computer speaker thing is also an idea. I dunno, personally, I kind of prefer a solid-state tuner-amplifier for that kind of application, some used piece of junk you might get at a garage sale for $25.
It's also possible that if it's a "real" power amp it wants to see about a 1 volt signal as drive for each channel and your computer might not be able to supply quite that big a signal. I have not checked the specs for "input sensitivity". The cheap tuner-amp would definitely work and would have the easy already-there switching capability to choose various inputs. And it would not care if you leave it on all day. And be a radio and/or CD player when you want that for your room speakers.
A large part of the decision process is, are you willing to have a two-piece guitar amp, eg; head & speakers. You could spend a modest amount of money getting a rack case for the head and getting the speaker. It kind of depends whether your goal is to spend the least, get the D'Mars amp you seem to want, or end up with the easiest-to-deal-with package for the guitar amp you end up with. Etc; etc; I can't know which of those goals is the most important to you.