So this original Peavey classic vt from 78 had a duff output transformer. It’s actually 34 years old and on the original valves. If you drop it down a flight of stairs you risk damaging the stairs. It’s that solid.
Although Peavey recently closed there UK facility down there are still lots of other suppliers that can step in for output transformers. So if you fear the worst on your old amp lighten up, you may find it costs a few quid for a part but spread that cost over the lifetime of the amp and it is significantly less than buying new.
Typical costs are about £50-£100 for a 50 watt output transformer and around £120 for a 100 watt one.