Please see attached crappy diagram that sets out how I think the signal path works from the output tube.
My thinking is follows - kindly correct anything (everything) that I have wrong:
(1) An amplified signal is produced at the anode, and an opposite "anti-signal" is produced at the cathode. At any given point in time, the voltages of signal and anti-signal are equal but opposite (except at zero crossings, when they are both zero). Accordingly, they comprise opposite voltage potentials that create a current to meet and cancel.
(2) They "meet" via chassis ground. There are two paths available: (a) through the last cap in the power supply (and running through the plate choke); and (b) through the OPT which connects to chassis ground (either before or after the cathode bypass resistor - I have drawn it as connecting before). I have indicated the two paths in dashed light blue lines.
(3) Ohm's Law tells us that at any given moment, the voltage dropped across each path is equal (and results in cancellation of the signal/anti-signal opposing voltage potentials); but the current will vary with the resistance (AC impedance) of each path in the form of the plate choke coil and the OPT.
Do I have this right? If so, I will have some follow-up questions about what this means for power output ... but for now I just want to know whether I am thinking about this correctly.
MTIA, Derek