Okay, now yer pushin my buttons, Tremblay!!!
As the proud owner of a 5F2-A since 1976, my sense of identity is challenged by the notion that 3 FETs could replace this marvel of glass and iron (and tweed). Now I'm gonna have to put them to the test.
One thing I am glad to see, though is the implementation of the one-knob tone control which many of those whose viewing of schematics is limited to effects may not be familiar with.
Imagine the following. Imagine the wiper (2) has been rotated fully so that it rests at point 3. What you have there is a volume control with a treble bypass cap (470pf) and a treble bleed cap (4n7) with a 1meg resistor in series (severely restricting treble bleed). As you start to rotate the knob, the resistance in series with the 470pf treble bypass cap increases at the same time as the resistance in series with the treble bleed cap decreases. So the one knob adjusts treble boost and treble cut at the same time. Pretty neat, huh? The thing to remember is that, like all treble bypass caps on volume controls, its effect interacts with the volume control setting. The lower the volume setting, the more impact the treble bypass has. As you turn the volume up, you need to turn down the tone more and more to notice any audible change from having the tone full up. On the one hand, the interdependent nature makes more work for the player/user. On the other hand, it means a lot more interactivity. Since this designs also includes a master volume (which my little tweed baby doesn't), the flexibility aspect wins hands down over the inconvenience
I might point out that my 5F2-A, as well as being fabulous for blues guitar, is one of the finest harmonica amplifiers I have ever heard. One harp player I jammed with years ago had a complicated setup with the requisite bullet mic and a Twin. I suggested he plug into mine and it was like we had been instantly beamed to Pepper's Lounge. In his words "You're not leaving here with that amp tonight". So, if it emulates as well as you hope this may well be an interesting project for those harp players who want a little box that will make them sound like "instant Chicago". Who knows, you may not even need your bullet mic anymore.
