> Is the difference between the dry signal input and the wet output signal normal?
Tank is VERY lossy. It amounts to a speaker and a microphone, both very lossy gizmos. On a 8r:5K Fender tank I'd expect the output to be 1/500 to 1/1000 of the input. A bit less with 150r input, but still 100:1 loss. VERY variable with frequency.
There's numbers on that plan. "Test Point Data". It's real smeared, but it looks like 125mV at TP5 (reverb drive) and ~~10mV at TP6 (after recovery amp). Recovery amp gain is 7.8, so more like 1.2mV at tank output. 100:1 loss.
You could try setting up just like the test conditions, feeding a turned-down guitar at the input, and comparing relative levels. 10mV at guitar should be 15 times bigger at tank input, 8 times smaller at tank output, and similar at recovery amp output/ reverb pot top.
This might really be better with a controllable signal generator and an audio milli-Volt meter. You want a few mid-range frequencies (the tank response is very peaky) and controllable down to 10mV. Most modern DMMs will read AC mV in the 10mV area, at least for 100Hz-1KHz.
> replace IC1A with no change
IC4 is more likely. However a chip failure is VERY unlikely. Bad joints and contacts out-number bad chips many-to-one.