I had a very similar problem that I fixed today in an Orange OR80! With the gain up past a certain point, one of the screens would flash bright orange, but no red-plating. After measuring voltages, and seeing the screens at nearly 530vdc, I knew something was arye. After some research, I decided to add a resistor after the choke, which brought the screen down to about 500vdc, and solved the problem!
It was a very confusing problem at first, and like you I thought there was something wrong with the PI.
I really wish I could help you, all I can do is make an observation. That is that those voltages were so high then I could not imagine what they are now with 120-125 volts coming from the wall these days. They were designed for probably 115 volts. 5-10 volts doesn't seem like a lot until you realize the transformer is a step up and multiplies it so every volt that goes in comes out multiplied not added, it's mind boggling.
I think that is exactly on the $, here's why using my amp as an example:
530vdc (plate voltage) / 120ac (wall voltage) = 4.4
115 (old tyme wall voltage) * 4.4 = 506vdc... which is the voltage I dropped the screens to in order to stop the flashing.
It's my presumption that the amp was designed to run its tubes at their limits in order to get the most power (80 watts from 2xEL34s in my case!), and that the 20-30 volts was just enough to push them over the edge.
So if I were you, I'd try increasing the resistance of the 'choke resistor', and/or increase the screen resistors to 1k-2.2k to see if that helps. Now both of those solutions might give a little more compression and loss of headroom, which may or may not be desirable or even noticeable. However, if your problem was really caused by wall voltages simply creeping up over the years, then this may be the only pracitical solution besides getting a new PT.
Hope this helps.
-Alex