The low cathode voltage (T15) suggests that the C4S is saturated; that's consistent with the lack of light from the LEDs (A socket, B side of the board). I would first suspect the LEDs are in backwards - particularly easy, since those should be reversed from the printed notations on the PC board. If this is true, it would cause excess current draw by the cathode follower, overwhelming the regulator and resulting in the low power supply voltage at T12.
The other problem seems to be a lack of regulation on the other channel. On the center board, this is the triode at socket pins 1-2-3, the A side shunt reg (431 chip, R3, and R4), and the B side C4S (R1, R2, LEDs, transistors). The regulated voltage is controlled by R4 and R3 on the A side of the board; you can check the voltage to ground at each end of the 147K R4 which should be 2.5v and 150v.