I do think of this as a kind of crossover distortion. As JM says, it happens when the power tubes are overdriven to the point of grid current. The grid current charges up the coupling capacitors with a polarity that adds to the bias voltage. The tubes are now biased too cold, so you get crossover distortion. But when the overdrive is removed, the crossover distortion goes away.
The new OT was probably just more efficient, so it could make 120W without overdriving the tubes to the point of grid current.
The new OT was probably just more efficient, so it could make 120W without overdriving the tubes to the point of grid current.
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