HI, guys, thanks for comments... buncho'appreciated
Cooling fan? Maybe a good idea. Can't be sure if it needed. I would hate to actually "install" a such thing to the amp like this... The fan could be placed behind or on the side of the amp to blow over the cage ... if it gets really hot. As is, the top of the cage gets pretty warm, but you can place and keep your hand on it comfortably. The power transformer gets pretty hot, also you can touch it and hold the finger on it. I've read that some transformers do get hot as 'normal operation'... but I really don't know much about details. Hot transformer is worrysome in my mind.
Bass and treable pots position. heh heh - sharp eye!
Now, that's a part of a puzzle in my case. I am not really in the position to make any definitive comments about performance of a such amp for a few reasons: I'm not sure if the perfomance is determined by the design, or by components condition (they are all original, including all original Webcor red-labled tubes... so are maybe about 40 year old), or by both; I also do not have knowledge nor equipment to do any sort of serious lab test, and even if I could do so, I don't think I could be able to maintain any level of objectivity.
I can tell this about the amp I have here as it is now.
It perfomes very nicely at low-to-moderate 'volume level'. At about between 12 and 2 o'clock of the volume pot position it starts to audibly distort, and the first it distorts high end (seems like).
It seems that the performance also somewhat depends actually on the speakers. Well that's the whole separate issue, I guess...
The strange thing is (or maybe it is "normal" for this design ??? - have no idea) that the bass and trable adjustment actually slightly but still audibly affects the preamp output. And I have found that when using preamp outs with other external power amp/system it's kind of nicer to keep bass and trable pots half way or so 'down'. this is also questionable. It sounded better this way when I was playing CDs, but when I was playing reel-to-reel tape (on ampex machine - outputs to webcord as preamp out - to JVC mini-system as amp/speakers), - It was better to turn bass and trable all the way up.
Now, why do bass and trable pots affect the preamp out? - I have no clue. Any ideas?

It must be some sort of "Loop theory" or something.
Also, I can't tell for sure why the pots are in specific positions on the photos, as I don't remeber what exactly I was doing. I was making the photos while not doing anything really, just plug it in for the photo

, but the position of the tone pots could be left from what ever I was doing before... could be messing with guitar.
I guess I have to add here also, that the amp is pretty damn loud at about 12 o'clock volume pots position, turning them up over 12 is not really practical for the normal room listening. That's a different story when using it for guitar playing/recording. Over 12 o'clock all the 'fun' for guitar starts and it gets really nasty and dirty at the 3 o'clock to the max area, and there there's no really good or bad bass/trable settings - it all depends on what is desired. Also at about 2-3 o'clock (and "later") the noise and hum starts kicking in ... who said it's a bad thing? ...heh heh
As, I've said, this amp imo is great for guitar... as low power practice amp or for studio recording. I actually was amazed by the sounds I could get out of those 5" small original speakers. This is why I want to try experimenting with different speakers and maybe building some speacial cab/enclosures for them.
Well, overall, I can tell for sure only one thing - it's a nice toy.
thanks again, guys for checking it out and your notes...
/respects