> am I reading this right?
That IS what it says.
50L6 specs say max G1 resistance is 0.5Meg, so you are "in violation". A worst-case-leaky tube may throw enough grid-current through 1Meg to raise the grid positive, increasing tube current, melt-down. But grid-R specs are often violated. Apparently 99 of 100 tubes don't leak so bad that a 2X spec resistor does any harm. And you are not making a million of these with only go/no-go testing, you have a meter and not afraid to use it. If you got a soft tube, you'll change it or over-bias it or take Rg back down to spec.
12SQ7 current is down to ~~0.05mA, node impedance is up around 250K. Stray capacitance wants to suck-off your treble, and such high impedance radily accepts stray hum/buzz.
I think if the plate-cap-pot-grid wiring is short and clean it will work.
Can't find 50L6 capacitance, assume 50C5 is similar
50C5 - 0.55uuFd grid-plate
Gain grid-plate = 13
0.55*13= 7pFd Miller cap
30pFd stray wiring
12SQ5 Plate = ~5pFd
~~42pFd loading on node
At 0.05mA: 12Sq7 plate resistance ~~1Meg
1Meg||510K||1Meg = 250K
250K against 42pFd is 15KHz
You can't sell this in the 20CPS-20KC Hi-Fi market; it is entirely fine for AM radio. Many-stage guitar amps with "zinger" tone can't afford a cascade of 15KHz stages because it would shave the 5KHz end of e-guitar, a 1-stage is probably fine.
> curve plotting
Way down in the corner, 50V 0.1mA 0.5Vg1, it's hard for me to squint values. Also hard to believe the junior engineer who plotted a sample tube really sweated all those points. OTOH, I'm not sure the R-C table is entirely well-thought. If nothing else, there should be two "optimums": max gain and max output. They are close, and many makers only quote one.
That's why I might try a 10K pot under 12SQ7.
OTOH, an overall Optimum Design would move to dual triodes and a 6V6. Same number of sockets, same iron-count, better sensitivity, lots more power. But with low output demands and pedalboard in front that is the wrong way to go.
BTW: dump the doubler and run 52V B+, that's a quarter-Watt amp. Use a less-sensitive speaker, you can run it flat-out and talk over it without going hoarse. Input overload may be quite low, pot-down the guitar. Or use a 110V/55V switch only on the OT/50L6 stage, leave the 12SQ7 at the big 105V.