IMHO, since they came out, people have heard this vintage amplifier and ALL the circuit changes (mostly goofy) that were made from AB763 to AA270 both with their ears AND their eventually-developed knowledge of the component changes AND their general disdain for the quality decline right-after-CBS-took-over Fender. When people see that MV control, all those synapses go off in their minds. That MV control, that extra knob sitting there, is just the most overt sign of what's behind the front panel. I don't especially think the MV control in particular is all that offensive; some like it, some don't, vanilla/chocolate, personal preference. It's just IMO this visual trigger that sets off all the hatred for the complete set of post-CBS mods that weren't well received at the time and have only seemed to get stinkier over time. I recall very well when silverface Fender amps came out. They were disdained EVEN THOUGH when they first came out, they were utterly identical (electronically) to their AB763 ancestors and remained so for perhaps 2-3 years.
I'm plenty guilty of this, I'm sure. ALL the major manufacturers went through pretty noticeable quality "hits" right around 1970-1971-1972. Fender, Gibson, Martin. Maybe a 1970 SG Standard is just as good a guitar as a 1963 SG or a 1976 or a 1998 or a 2006 SG; and the same for a Martin D-18, but it has always seemed to me that for US musical instrument manufacturers, they all went through some kind of dark age of quality control during the early 70's. In a lot of ways, those were pretty cruddy years for a lot of things.