Back to the SCA-35, these are my final thoughts on what this mod did and why I did it.
In stock form, the sca-35 has a very high gain, only .15 Vac for full output. That gain was needed to overcome the passive tone controls and was achieved by using a pentode and PFB to squeeze enough gain out of a single tube. This made for an economical design with desirable features that would be very competitive in the market. If the tone controls are bypassed, you will have an excess of gain that is no longer needed for its original intended purpose.
In the stock configuration, the 120k supplies g2 (3) with DC and a small amount of NFB. It also applies PFB to the cathode (6) through a 1uf capacitor. The 1uf capacitors impedance of 8k at 20hz means the NFB to g2 will decrease (to its minimum) with increasing frequency and the amount of PFB to the cathode will increases (to its maximum) with rising frequency.

Some, may argue, that the 1uf value was critically chosen to accomplish this. IMO it was probably an economic compromise by the manufacturer, 1uf was as big as they could or were willing to go ($$). If they could have easily gone higher I bet they would of. A value of 100+uf would eliminate all the RC constant stuff happening right in the middle of the audio range. This falls under the "theories" category, but I try and avoid using capacitors as a resistor in the audio range.
So performing the modification will remove these effects, closely maintain the original operating point, balance of the splitter and adds another NFB source (by connecting the screen grid bypass cap to ground). So PFB is removed and new NFB is added. Less PFB and more NFB sounds like a winning combination for less distortion, but without measuring it is just a guess. A descent sounding guess.
Thanks to everyone for the discussion
Hopefully one day I (or someone) can get some real numbers posted.