Run some wattage into the dummy load speakers (say 8vac) and check the power supply voltages, at C122, C123, Q29 ecb and R129/R130.
If it were just one channel I would be looking for an amplifier fault, but both channels calls for a common fault.
One thing to try FIRST, instead of connecting your dummy loads to the - speaker connections, go to a chassis ground like the phono grounding screw instead. Resistance in that line might be doing something,
It depends upon the internal factory wiring, trace the minus wires back from the terminals to the center tap's chassis ground - pin 3. and the white transformer wire connected to it. Look for bad connections there.