The photographed schematic is earlier than the one with a white background (see sequentially issued schematic PN 66-3065 vs. 66-3095). The later one would have been what the engineers thought was superior (and it actually is very similar to the 460 that pre-dated the M8. I suspect the 66-3065 had some issues so they reverted the best they could to the 460 style. the 460 used a 6DR7 instead of a 12AU7. The 6DR7's were more expensive than 12AU7's but that triode on the 1,2,3 side of the 6DR7 was better suited as a driver for reverb tank than 1/2 a 12AU7. If you compare the 460 and the M8 schematics you can see they were playing with the load of the 12AU7 driver side.
reasoning: saving money. Estey was continually dealing with cash flow problems and filed bankruptcy a couple times in this era. In you look at the tubes used in the '61-62 400 series amps, the engineers were having a field day with the new fangled tubes and tube manufacturer datasheets, 6DR7's, 6CG7s, 6EU7's, 12BH7's 12DW7's, etc all in the same amp. with the suitecase line it was all rationalized down to 12AX7s,12AU7s, and 12DW7s for all the amps. If budget wasn't an such an issue for the M8, they would have driven the reverb tank with a paralleled 12AU7 like they did on the bigger, more expensive M10 and M13 amps. The suitecase amps were really a marvel of component rationalization and cost saving measures that didn't lower the engineering quality of the amplifier.
I haven't been able to verify the reverb tank used in M8's, but I think it was the 25-0002 (Estey PN), which estey used in most of their reverb amps including the 460, M10A, M13, 450A, and 440. the 25-0002 was around Zin~=1.2K, Zout~=2K. the other tank they used was a 25-0005 with Zin~=8ohm and that was driven by a transformer (some M15s and MP-1/3/5)