BTW can somebody explain to me the point of bypassing an 820 cathode resistor with a 330uf cap in a guitar amp?
Copying Fender's high-valued cap on the input stage of the 5F6-A, but with locally available parts.
If you have a fast internet connection, look around for any tube manuals, especially short-form data, that show the 12AY7 along with other special-series tubes from RCA or G.E. around the late 50's. The 12AY7 was designed and marketed to be low-noise and low-hum, and specially suited to input stage use.
Now think about the original intent of the Bassman. It's a bass amp, and should have decent response down to 60Hz or so. So any hum contributed due to heater-to-cathode leakage is added in to the desired signal, and is a problem.
If you have a tube that has hum caused by heater-to-cathode leakage, how do you fix the problem? You either select from a large lot of tubes for low leakage samples, or or you find a way to swamp the leakage. Fender picked a special low-hum type (12AY7), but obviously went an extra step to zap the leakage, since they probably knew that the user would expect any 12AY7 to have good performance.
The heater is electrically insulated from the cathode, and that insulation forms a capacitance. Say you have leakage that allows hum to appear on the cathode; the cathode as an input is low impedance and high gain. The capacitance to the cathode would be a small value, maybe a few pF, and amplified by Miller effect. So you have an effective 100pF cap from heater to cathode when leakage is present (maybe more or less).
If you apply an a.c. signal to 2 caps in series, they divide the voltage between them. The ratio of division follows the reactance of the caps, so it appears opposite that with resistors; i.e., the smaller cap has more voltage across it due to its higher reactance at a given frequency.
If the heater-to-cathode is a small-valued cap, you swamp hum by putting a very large-valued cap from cathode to ground. If the input capacitance represented by the leakage capacitance is really 100pF, it looks like 26M at 60Hz, while a 330uF cap looks like 8 ohms. That's a lot of voltage division, and kills any hum due to leakage if it is present in a given tube.
It's not a tone thing in my opinion, it's all about hum.
For what it's worth, it has happened in the past that people have reduced a 25uF bypass cap to 1uF or 0.68uF (or even removed it), and wound up with hum they didn't notice before. And whether the hum appears is haphazard. Not all tubes leak, and not all that do leak do so by the same amount.