Yeah, just found a
Univalve schematic, which (though hard to follow) shows the bulb in parallel.
This was the thread earlier calling it noise reduction
... it has a sort of "expansion" effect ...
Compression is a reduction of dynamic range (the difference between LOUD and soft). Usually, you reduce compress, then amplify what remains for a louder average signal (radio stations compress the snot out of your tunes to seem loud on the dial and easy to tune in at distance).
Expansion is the opposite: an "expansion" of dynamic range. One of the historical uses of expansion was to offset compression required in the recording process of early records, so the result had a dynamic range similar to the live (orchestra) sound source that was recorded. I've used expanders (with a gate) in a recording studio on drums to "turn the volume down" faster than the natural decay of a note, mainly to hide the action of a noise gate closing.
The original poster may have noticed that noise in the amp was reduced,
along with everything else.
But that's not why THD did it. You bought your Univalve to get some good output tube distortion, but your spouse/girlfriend/neighboring apartment doesn't appreciate a good 6L6 or EL34 like you & me. So THD gave a handy way to knock down volume. They tell you as much in the product info on the THD website (though they don't say the lightbulb is doing it.
So... do you have noise problems? Or did you use the bulb to reduce output power? For power reduction, jjasilli is right, and you'll need a ~4v bulb. For hum reduction, you need to fix the cause of hum in the amp (Champ, probably full-range speaker bumping into the lousy filtering of the original circuit, so you probably need another 20uF and ~100-200Ω between the rectifier and your present 1st filter cap).