Is that the 125P1B that Doug sells?
Yes ! I found out it is the 125P1B actually.
Then you working the PT hard, given
the 70mA rating. Strange, that should cause the voltage to drop.
Getting over 400V ( 5Y3 ) is way too high for a Champ.
The PT is rated for 320-0-320v, like the original. I don't know if it's really providing what it says, or more. With 320vac, I figure 452vdc unloaded, so the 5Y3 has to drop a lot. Seems like even a real U.S.-made 5Y3 would still provide over the claimed 350vdc on the Champ schematic.
Motorboating sounds like a power supply problem
When I hook up a .68uF cap to the cathode of the second half of the 12ax7 only, with the volume past 3/4. Otherwise, there is no motorboating.
The chassis is pretty huge for a Champ so the preamp stuff is to the left and all the rest to the right with their own ground. There is much room ( 4 inches ) between both sections.
All I have modified including the removal of the negative feedback ...
If there is no negative feedback, the amp should be stable as a rock at all times and all volumes. So any kind of oscillation would indicate a layout or lead-length problem. Maybe due to the large space available in the chassis?
I don't know what to tell you, other than figure out why it oscillates and make sure it never does under any condition.
Due to the very high voltage yielded by the PT, I get 250V on the preamp tube plates : should I raise the B+ rail 22K resistor in order to get 150V as indicated on the schem ?
Your voltage is reasonably consistent with later Champs. If you'd like to drop the voltage to the preamp though, raising that 22k resistor will get it done.
What you could do is measure the voltage drop across that resistor now, and make a note of it. Divide that voltage by 22,000 to find the current drawn by the preamp. Figure out how much voltage has to be dropped across the 22k to get from what you have before it to what you want to have at the following B+ node. Divide that voltage drop by your calculated current, and you'll get the value of resistor needed. Round to the nearest standard value.
For reference, the 5F1 Champ says there was 295vdc before the 22k, 250vdc after it, and after passing through the plate load resistors there is 150vdc left on the plates.