Heh...well, you're going to have two issues...one is that the old field coil speaker is the choke. There's *possibly* some way to mount a new little choke upon the frame of the new speaker but that is not a perfect certainty...and in some cases, you just can't...there are no flat surfaces on the new speaker's spider. Nobody can be in love with the idea of running +350 volts up the the speaker and back, either, but I guess it's been done for 60 years in the example you have and there you go. And, the output tranny is also mounted on the old speaker. So you have some mechanical issues to deal with. One approach I have used and it is not especially pretty AND the magnet on the new speaker might interfere...is to remove the bolts from the chassis-mounted transformer and fabricate some metal plates upon which the two new trannies (choke plus tranny) can sit. Drill holes thru the plate or plates and mount the trannies to that plate. Or better, if you have a single piece of metal (steel or alum) in which you can cut a square hole, then the existing end-bell of the power trans can stick through that and you build a "platform" upon which the new trannies mount. Not that easy. My desire would be to NOT drill any new holes in the chassis, and that approach would do the deal. Better to use the single plate with the rectangular hole...but then you have some metalwork to do.