Back when Paramount was being developed, I had in mind the cheapest possible 300B amp. Later, it looked like perhaps a very high end amp - like, a $5000 amp. Eventually of course we settled on the middle ground. The high-end version was to have had that choke, which would sit where the current output transformer sits - there was to have been a much larger output transformer mounted on top of the chassis. The PC board was designed around that time, and it retains the optional terminals for a choke. The current chassis plate however is not designed for that option.
So yes, I expect the change would be an improvement. Not a big one like better coupling and parafeed capacitors, but probably audible to most careful listeners.
The thing is, to make it practical requires some experimenting and forethought as to where to place the choke - especially, keeping in mind that it is at the full B+ voltage and the wires - even if they are insulated - should not be accessible. A simple slip of a screwdriver, or a cat's claw, could punch through the insulation, for example.