I wouldn't like to rely on a pedal for my whole tone...I know if my pedal(a boss gt-8) busts,my amp(xxx) can still push great tone.Not that its likely to happen...and running a pod or xtlive for your main rhythm and lead sounds is a good option.Its really up to you.
If I were you I would save a bit more and buy a good amp and cab.I enjoy having that power.
If you want to run a xtlive into a combo,then make sure you get the cleanest sounding amp you can get since you sound will be done through the pod.
you can get good sounds either way.
Try once,fail twice...