On some designs the first gain stage is bypassed my a very large (100uF+). My understanding is that they serve a purpose beyond just fully bypassing the cathode--they swamp noise.
... thinking about older Tweed era amps with 330μF cathode bypass caps on the first stage and the potential for them to be swamping noise. 10uF would be sufficient to fully bypass the audio spectrum, so I guess a more direct question is "why so high?" What else is the extra capacitance doing?
You mean the amps that used a shared 820R resistor between two triodes? With two cathode impedances effectively in parallel you need more capacitance. You'd need 22uF to just barely cover the audio spectrum. Rule of thumb, use ten times more than you just barely need, especially with electrolytics. So Fender used 250uF, presumably a convenient value that his supplier had in stock.
Does it deliver the best available PSRR? Yes. Does it shunt heater hum? Yes. Would 22uF do the same thing? Just barely. I think you may be over-thinking the rest!
I have experience with a specific type of hum: heater-to-cathode leakage.
There are a couple ways to conceptualize this, but the easiest is to think of the leakage as a sneak-path for audio (at mains frequency), and a larger & larger & larger capacitance as a lower impedance. The leakage is a current, so by minimizing the impedance-to-ground you also minimize the resulting hum-volts.
25µF = ~106Ω at 60Hz
250µF = ~10.6Ω at 60Hz
Where do you see a 250µF cap in tweed amps? Only the the
Bassman, and Fender also opted for the new-ish special 12AY7
whose data sheet specifically mentions low-noise and hum in input stages of audio equipment. Fender gave it a 1-2 punch for keeping the hum out (though not-sharing a cathode resistor would have made the job easier).
A boutique builder messaged me on this forum maybe 15 years ago. He was having hum issues with a new design that was a Bassman spin-off. If he used the 25µF cap he wanted (or smaller) there was hum, but there was no-hum with a 220µF cap. He was certain it couldn't be "a tube problem" because he'd tried 10 different preamp tubes in the first stage.
Turns out, the whole case lot of 12AX7s he had exhibited heater-to-cathode leakage. The large 220µF cap swamped the resulting hum, but smaller caps were too-high an impedance and allowed enough 60Hz voltage to develop to be audible in the amplified signal.
Later, I experienced this all over again after buying 100+ tubes of a particular odd triode. I built a design that allowed using a 1µF cathode bypass cap (I prefer the bass trimmed in the input stage), or paralleled by another 25µF. I can use that amp to sort "leaking" tubes from "no-leak" tubes, simply by listening for hum in the 1µF position.
Since then, I have acquired a tube tester that directly measures heater-to-cathode leakage in the µA range.