Hmmm, that's funny, because looking at the schematic, I was thinking you should check 3U1 (MC1458P op amp) and the two transistors 3Q7 (2N3096) and 3Q6 ( TIP 32A). My reasoning was it was part of the circuit switched in, with switch S5A, which I believe switches between upper, lower and AM?? Though What put me off mentioning, is the differences in testing between the USB and LSB. That makes me think that maybe the LSB circuit might have problems, and could be affecting the AM side of things.