Man, I saw the MJE350 and thought this would be the B side of the C4S, but now seeing the 90.9 Ohm R1, this is the A side!
Yes, PJ is correct. You probably have a 75V zener diode or several that are shorted out, just pull them all out and replace them. The MJE350 needs to come out and be replaced by an MJE5731A with the metal tab facing the opposite way. The LEDs get replaced, as well as the 2N2907. When this is sorted out, be sure to go into your other Paramount and replace the MJE350 on the A side with an MJE5731A.