For guitar effects, the ,WM8731 is a truly excellent codec. If you design a good preamp in front of it, it is very low noise.
This thread is a little old and as a former PIC programmer, I can't imagine choosing a micro that is not at least an Arm Cortex-M4F.
The key to low noise digital guitar effects is the design of the PCB routing once you take care of separate analog vs digital supplies.