That small cap on the octal is only needed if using the plug-in mic tranny's...I was advised to remove that if I'm not going to use those, but no harm in replacing it either.
I would wager very little difference in sound quality between the 440C and the 1200...electronics are very similar and same head design.
The 440-8 is a bit of a tower isn't it?
Just check the schematic for the C electronics to ID what that cap by the meter is...I think it is just a difference between the original 440 "A" and B electronics and the C...I'm pretty sure the output coupling cap behind the card cage is the same on both...it is a 500/50V...it is a critical audio path cap. Steve Puntillilo of Sonicraft commented that it was like "taking a blanket off" his mixes when he swapped those out.
Yes, the 1100/1200 was designed from the ground up for 2" tape...the 440 was never designed for even 1" tape. The 1200 is in a legendary class. The only issues I've heard with the 1100/1200 tape path is that there is a significant amount of unsupported tape and a high summed wrap angle so flutter was a "problem" but that was in head-to-head comparison with an 1100 and a 3M M56 which has, like, the shortest amount of unsupported tape and lowest wrap angle of any transport, and I understand the M56 transport design had issues with tape stretch and breakage...not abounding but it was of some concern at some point. The 1100 was bare bones IIRC...no meters and no flutter filters. The 1200 managed flutter with the two flutter filters and you can get a rolling guide kit too which greatly reduces the wrap angle, though it is something like $200 per guide or maybe that's for the whole kit, but it is certifiable quality. And the reality is that all this is severe hair-splitting...the flutter specs are amazing off a stock unit. Its just that the M56 has amazing-amazing flutter specs and whether or not a human can hear the difference is highly debatable. I know I can't, and if somebody wanted to give me my choice of an M56 or an MM-1200 I'd take the 1200 because I have more familiarity with the Ampex products, and I like 'em!
In my schematic do you mean C6 Fixed cap 250mfd, 50v with the 220ohm resistor...the output tranny T1 is right next to it...
if thats what you refer to yes I replaced it with I think a 470mfd 50v cap...