I've come across this issue in a SF TR I was servicing a while ago.
The 470 ohm V3 cathode bias resistor has drifted up in value a bit, but not enough to stop its 12AT7 from overdissipating and failing.
I thought it best to replace the cathode resistor, and to get the tube dissipation a bit more reasonable, decided to use the BF value 2k2, and to bypass it just because.
There was horrid blatty blips of distortion when the signal level was sufficient to push V3 into grid conduction; it stopped when the cathode was unbypassed.
My suspicion is that it was actually astable oscillation due to positive feedback via the non-ideal 0V circuit common system used, as re-jigging the arrangements there a bit helped to stop it.
Even without that, a Fender BF reverb preamp channel overdrives horribly, due to V3 grid being the first point at which clipping occurs (using typical control settings and as the signal level is increased from 0).
I think that's why the SFs removed the cathode bypass when the master volume was introduced, ie with a master vol it's possible to hear the horrid preamp distortion, whereas previously, it was masked by power tube grid clipping.; the lowered cathode resistor value being in order to improve the stage's gain/power output with the cathode unbypassed.
I think that the best way forward is to use the BF 2k2//22uF, but add a 470 ohm resistor in series with the cap.