150-160mV is uncomfortably high for my altecs but I don't see it tripping protection, happy to be corrected.
The usual next step is to look at the protection circuit, it's fed by the power amp rail so relay power should be ok.
Suggest work back from the relay drive transistor Q9, measure dc voltages at base then emitter, want Vb = Ve + 0.6V (ON state).
If Q9 is ON then look at R51 (open?)
If Q9 is OFF then check Q8 b, e voltages,
wanting Ve > Vb (OFF state)
Also check Q7 b,e voltages
wanting Vb > Ve (OFF state)