This 5-pot bias is a must in a test bench in my opinion. Yes, you can do a perfect balancing, but as soon you throw a signal at it, the balance is gone. What this system actually does is great hum canceling and it can also balance mismatched tubes. Heck, I even threw in a mixed set of really worn out 6L6GC's and I managed to balance these. Our bass player played with these tubes ~3 hours with ~50% power. No problems. Extreme testing, I'd say. When biasing, I turned all balancing pots to center-click position. Then the base level was set cold with the master pot. Power on, and after that I had to check every tubes mA reading at least three times to achieve the 32mA goal. The tubes interact with each other, so this is a bit like tuning a guitar with a Floyd Rose bridge.
Biasing one tube intentionally out of balance caused a hum out of hell. This pretty much explains, why some amps tend to hum more when reaching the output tubes' end-of-life. But it also tells me, that all of the tubes are not necessarily dying, only the weakest one(s). Nevertheless I wouldn't recommend replacing power tubes one at a time. Instead, I save the old tubes to tinkering projects like this...
Now it has a quite fresh set of JJ EL34's in it. Readings are 454V anode, -41V at bias test point. Remember, that test point does NOT show you actual readings at tube sockets, it just points to the right direction. Tubes were biased @ 42mA, which gives ~19 watts total dissipation. If I did my math right, this is about 15-16 watts anode dissipation and the rest is grid current. Anyhow, I was forced to quit testing after biasing. My old bass cabinet could not handle the power. Sounded good with lower volume settings, though. I'll visit a friend of mine to test with a proper 6x12" cabinet.