Is this the amp?
http://community.webshots.com/photo/fullsize/1334395118045125817ZuofSvIf it's fixed bias, this obviously is not the right amp. <comment about bias capacitor?>
If you are running EL84s with 430 on the plates and 38ma of plate current
per tube, then you are WAY over maximum rated plate dissipation of 12 Watts.
430 * .038 = 16 Watts = OUCH!
Do you mean a total of 38ma through the cathode resistor? If so, that means it's actually biased really cold.
Bottom line, we need more voltage data and the right schematic to help.
Tube data sheet:
http://www.mif.pg.gda.pl/homepages/frank/sheets/129/e/EL84.pdfSee "Limiting Values" on third page. Note 300 Watt max plate voltage.
Even if you intended 330 volts, it's still at 12.5 Watts. A starting point usually is 70 % of maximum plate dissipation or 12 * 70% = 8.4 Watts. That would translate into 25ma of plate current. However, the "Operating Characteristics" for Push/Pull with 300 volts on the plates works out to almost 90% of max plate dissipation.
Have you measured the value of the power tube cathode resistor? If it measures the stock 250 ohms, maybe you need to try a bigger one. If your amp is fixed bias, you need a higher (more negative) bias voltage. This assumes 38ma PER TUBE again...
Hope that helps,
Chip