I am not as concerned about making it louder as I am about making it reliable and rounding out the treble/brightness in the tone a bit.
1) Is it a bad idea to take this amp on the road and depend on it as a primary gigging amp?
2) Do the mods really improve the sound that much? Mine can sound a little too bright at times but other than that its fantastic. I read that you can remove a midcut circuit that could help with this. Have you heard of this mod? Will this effect reliability? I was thinking I should just get a an MXR 10 band eq pedal instead.
3) The tremolo definitely works on the amp but seems like it doesnt affect the sound as much as it should. Is this normal for this amp or am I to used to my Super Reverbs intense tremolo?
4) What would be the best bang for the buck mod that I could do to this amp to make it a reliable for gigging and recording in your opinion?
tubenit offers some sage advice however in aswering directly to your questions:
1) No not at all. As long as you feel comfortable w/ it in playing it hard like you would gigging & practicing w/ it a few times, there's no reason for it to suddenly just fail for no reason. That being said, do all of the electrolytic caps look 40 years old or have they been replaced at some point? I'd carry a couple of spare tubes and a fuse or two to keep handy and you should be okay in an emergency. There's no real reason for any sudden failures out of the blue.
2) There's a number of very simple and reliable things you can do, like simply putting a small value cap across a load resistor, making the power tube's grid resistor a little larger, a feedback cap across the cathode & plate, a cap from a grid resistor to ground/cathode on a stage, etc...it's easy to bleed away a little high end in many ways that doesn't hurt anything and will be reliable for as long as the amp lives.
3) too vague to give a direct answer but have you simply tried a new tube for this function?
4) A cap job and new tubes, speaker is already good and the 3-prong grounded chord are already done.
Hope this helps, Keo