Oh absolutely. (torn) Especially when that super clean.
Appears to me that you have a "2-channel" amp (not stereo, identical channels) but a high power channel with the topside OT (of very respectable size) and a lower power tweeter amp with the underside OT.
The iron isn't there to make two identical channels. The preamp is probably not "agile" enough for a decent guitar amp. Need more little tubes. Drill, hack. Ugh. At the same time, (see below) if you pulled the e-cap cans you'd be sort of set up for a row of 12AX7 without too much hackery.
At the same time, if you were to drill & mount tone controls along the long side of the chassis, you would either be right in the middle of the transformers (not reco'ed due to hum) where you would lose a lot of room; or you could go to the other side and be right in the middle of the e-caps. (also not reco'ed)
Oh, and the chassis is really deep; way too deep for something like a bassman head and deeper than any small-size Fender type cabinet.
Nevertheless, that's what I would probably do if I wished to convert it to something more useful: Tear out the e-caps and the little OT. Move power supply parts to a cluster in between the transformers, replacing e-caps with PC mounts along the way. Now you have one long side of the chassis for controls, jacks, etc. That could be a neat 4 x 6V6 project, that is an amp config I don't have but have been wanting to build for a fair while. That does not mean I would get out the dykes right now....I might put it on a shelf and stare at it for a few months.
Take note of the volts rating for your ecaps---that has implications for whether you can or will reuse the PT.
The underside is really beautiful. Clean, clean clean.
You almost certainly want to replace those bumblebee caps. At that age they have maybe a 70% failure rate.