OK, coffee has been downloaded.
The reason for using a cathode resistor is that the bias adjusts itself for variations between tubes and as a tube ages. It's sometimes called "automatic bias" for that reason. With a fixed bias voltage and plate voltage, the plate current may vary over a very wide range. That's why amps with fixed bias have a current meter and a bias voltage adjustment on the front panel.
On "...experience with other builds..." I will note that the Stereomour returns the signal current current loop to the cathode rather than to ground, so that signal current (outside the deep bass) does not flow through the cathode bypass capacitor. This makes the capacitor less audible. Not that you won't still hear a difference, but it's less than what happens in more usual designs.
On replacing the capacitor, I used the 220uF in Stereomour because we use that value extensively so we have tons of them on hand, and can get them at a good price. Personally I would not hesitate to go as low as 27uF, at least as an experiment - and I can say with confidence that 47uF (as used in Paramount) is plenty good enough.
There is some room adjacent to the cathode resistors; I did that specifically so that the cathode bypass capacitor could be easily bypassed or replaced. You might notice that the parafeed and interstage capacitors are also fairly accessible and have a bit of room around them, and that there is a spare hole in the PSU board making it easier to bypass the final power supply capacitor. I have not actually done any of these mods so I can't advise anyone on whether or how, but I did at least allow for the possibility.