The idea is you dont connect it at both ends that way its not a hot shield if you only connect at the tube no voltage can make it out of the amp.
No.
Even with the shield only conected at the plate, it still is a hot shield because the shield has a high dcv on it.
When the military hands you a handgun, they tell you to never pull it out of the holster unless you intend to kill someone with it. The gun has a safety, and you might think you won't pull the trigger. But, if you pull out a weapon capable of deadly force, you shouldn't do it as a show of force, because there's a reasonable expectation that the safety could fail and you could get caught up in the moment and pull the trigger. So, if you're that military member and pull your gun, you might be facing a court martial and a murder conviction.
With anything you do in an amp, you have to ask yourself what are the possible failure modes. If you use a 47pF cap, you'll be using a silver mica or ceramic cap with a 500-1000v rating (because those are the most commonly available parts in this value), which is gonna be higher that the insulation rating of most wire you're likely to use in a guitar amp (600v rated wire has *very* thick insulation).
It's also easier to make an installation mistake which compromises the voltage rating of shielded wire than it is with a cap. It might work forever, or it might fail. When it fails, you might create big problems for yourself (or a customer).
The value of the hot shield is in curing an oscillation by reducing the high frequency response of that following tube stage. You're using the capacitance of the wire to act as a cap between the grid and plate, which then reduces the gain at some high frequency. You could look at it as negative feedback from the plate to grid (180 degree apart) at that high frequency.
But you can do the exact same thing, if it's absolutely necessary, in a safer way with the cap. Or you could reduce high frequency gain in other ways. So the hot shield just doesn't seem to be better than any other method, and adds a reasonable expectation of added risk.
Keep the hot shield in its holster.
