Two Peavey VTM-120 of many my friend bought from someone hoarding them have the same issue. He said he was using each on separate occasions cranked to live/practice volume (pretty freaking loud), and suddenly the volume faded out and the indicator lights also shut off. He tried again later and he was able to play for another 30 minutes until the same thing happened again. I could never replicate this issue.
Now to me, volume fading out and lights off sounds like it lost power totally, as if the power switch was flicked. I also think not many power loss occurrences are recoverable without replacing something (like fuses).
I fired both amps up with the current limiter and all seemed good, switched it off for a play tested and they both worked, one sounds like crap tonally and I can see one of the output tubes isn’t lighting, will address that later. Got both out of their enclosure (what a pain that was!) and found the following:
Both amps: Original tubes and caps. Screen resistors measure good. B+ and negative bias measure perfect, all power transformer taps are working and the voltage is going where it needs to. I cleaned all pots and jacks, reseated the output tubes and all molex/ribbon connections for good measure, and tightened all the hardware.
Amp A (bum output tue) was definitely never opened or serviced. It is built in 1987 with an 1986 pre-revision preamp board (factory revised with ceramic cap tacked on. Filter cap board is beige material. The hot melt glue holding the filter caps dried up and released, and the caps wiggle a bit. Powering the amp on and poking the power board caps and miles connectors towards the big 10w 400ohm resistor makes a little sizzle sounds, makes the current limiter bulb flicker brighter. All tubes seem pretty microphonic.
Amp B has been opened (chewed up chassis screws
I pulled both filter cap/power boards and inspected all solder joints. I see no cracks, looks like it was nicely wave soldered (not sure if that’s a thing back then, but definitely not done by hand). None of the wiggling cap leads are loose from the solder.
So here I am, a bit stumped. My prime suspects right now are the electrolytic caps, being as old as they are. Maybe the ones in the negative bias supply are faulty, which I think would cause the lights to go out along with sound. Sorry for the wall of text, but I would appreciate any ideas or advice on how to proceed.