one thing i noticed from the power tranny is it has 2 power switchings via a old fuse.
then fed to the on off switch knob i intend changing to a toggle switch.
and well iam assuming that only the side its switched to via this fuse is in use.
this leading me to the fact or thinking the other isnt required in the on of switch circuit.
I'm not exactly sure what you're describing.
However, it sounds a lot like the way Marshall wires their power switch. So your power cord has a hot, a neutral and a ground. The hot and neutral are connected from mains to the power transformer primary, and supposedly the hot wire is the one that's "live". So a lot of older equipment and a lot of modern american stuff just has the switch on the hot wire.
The catch is that when the switch is closed, current flows through both wires. The real issue at hand is what happens when there is a failure. Assuming perfect wiring, if the fuse blows or the switch is opened, then the hot wire is disconnected and does not get farther into the amp than the fuse or switch. But if the outlet wiring is incorrect, the entire circuit from the wall through the power transformer to the "safe side" of the fuse or switch is now live. No current flows because there is not a complete circuit, but it presents a shock hazard.
Further, assuming wrong wiring and a failure that shorts from the power transformer primary to the chassis, on the "safe side" of the fuse and switch. Now the switch can be off, the fuse can be pulled, but the entire amp circuit is electrically powered, the entire PT primary circuit is completed, and the failure could result in shock, burnt parts, and in the worst-case, your house burning down and you dead.
I don't know that it is part of the EU electrical code, but it certainly seems required in the UK and EU to switch both sides of the mains cable to gaurantee safety. I have seen rare cases where both sides of the line were fused as well, to further remove chance.