What's interesting is that the Fender Deluxe Reverb schematic shows 330-0-330:
https://el34world.com/charts/Schematics/files/Fender/Fender_deluxe_reverb_ab763_schematic.pdf
... V3 is still running over the rated voltage. ...
The schematic voltages weren't 100% correct when they were first drawn, and Fender raised voltages over time by tinkering their power transformers.
... I am measuring voltages that exceed the nominal specs on the mojotone schematic.
The AC supply measured 120VAC.
The transformer HV output measures 355-0-355 off standby, at idle, with volumes set to zero.
...
Some Plate voltages:
V8 is 460 (nominal 427)
V7 is 459 (nominal 427)
...
I have not played a DR in the past so I cannot comment on the quality of the sound compared to "normal" yet. Because the plate voltages are "too high", I have minimized the time the amp is powered up.
...
Try this:
Turn the amp off and measure the resistance between the 2 power transformer Red wires that connect to the rectifier tube socket. What do you get?
I used to own a 1964 Deluxe Reverb.
Although the tube chart says "117v" I measured 6.3v on the heater wiring when applying 120vac wall voltage.
The power transformer was a 125P23B, the first of several transformer models used in the DR.
I measured 220.4Ω across the entire high voltage winding (Red wires), and got 334-0-334v output with that 120vac input.
I got 394v dc at the 6V6 plates when drawing 24.9mA of plate current, using a British GZ34 rectifier.
I compared measurements with someone owning a 1965 Deluxe Reverb with the 125P23
C power transformer:
They measured 122.3Ω across their high voltage winding (Red wires).
Their PT output was 348-0-348v.
They had 442vdc at the output of the rectifier (slightly less at the output tube plates).
If your PT winding resistance is very low, that's great for keeping it cool but likely contributes to higher voltage output. You could add some 50Ω 3w "build-out resistors" between the Red wires and Pins 4 & 6 of the rectifier socket. That will tend to lessen B+ voltage and increase sag/softness.