I don't think those LED clippers will do much of anything if you're feeding a normal guitar signal into the op amp. The diodes in the feedback loop of the op amp in conjunction with the comparatively small guitar signal will be limiting the maximum achievable output voltage swing too much, regardless of how high you set the op amp gain, so the LEDs will barely turn on if at all. I'd experiment with putting another gain stage either before or after the op amp to make those hard clippers work a little harder, otherwise there won't be much distortion really even with the 4148 hard clippers. And as has been said already, overall output level will be quite low due to the insertion loss of the tone stack.