Had a Rectoverb(2001) combo and PT got so hot that it heated up the board and lifted the trace for the 6.3 filaments right in the middle of a show...board was mounted right above PT and had a push connector that was blocking my view of where the spot had burnt the trace...
indicator light went out and I was F'd

....(right before a big solo too)
I should've seen it coming when the indicator light had gone out at our last rehearsal...I changed the bulb and there was just enough of the trace left that it actually worked until halfway through the 1st set..
Make sure the board isn't mounted above the PT and check the connector/board for any signs of heat......REPLACE the PT when you get a chance, heat is a sign of resistance, and too hot is too hot.....
If reliability matters, do your job and get that thing out of there before it shorts and takes out your board

PT's can fail because of insulation breakdown caused by HEAT....110-120 deg. f is ok.....there was a spot on mine that was 185!!

If you want to check it,,,get a non-contact thermometer and take readings from every angle
I felt like an idiot,,,being a tech,,,with a damaged amp that wouldn't work....what a DB......kinda like an auto mechanic broken down on the side of a road in a Corvette
Here's the article I found:
http://www.mercurymagnetics.com/pages/mainframe.htm