I've invested some time in this, but come up rather empty thus far.
I liked RFDx's assertion that I should start with the uPC1037H modulator.
The components are all so small and tight to the PCB, the only way to get a look with a scope was to undo all the connectors on the board, remove it, solder temporary wires to the underside for points I wanted to test, and re-insert & re-connect the board.
At the uPC1037H modulator I got no AC signal at pin 7, the carrier input. "Ah ha!", thought I.
Need to trace back further to Q42, then Q31. Unhook, flip, remove the RF shield, solder more wires, flip, reconnect. Still no evidence of a carrier. (The DC voltages from the schematic seem to be okay.)
Maybe the crystal has gone south? Or it could be the switching diodes. I pulled the 3 diodes (D67, 68, & 69) and checked them--they all seem okay.
Ran out of time and gumption at that point, and thought I'd check in for opinions before resuming. I admit to limited experience at this level of diagnosis, and figuring out exactly what is happening, (or what SHOULD be happening) from a schematic is a stretch for me, so I'm somewhat lacking confidence that I'm even on the right track. My alleged skills with a scope are somewhat new too.
At this point I think the crystal is not oscillating to produce the carrier. This would seem to make sense given the symptomology: receive okay, no RF needle movement on SSB or CW Tx, and FM Tx working fine (because it is a separate animal.)
Opinions?