Yes, I'm sorry, I gave you OPV figures for DC but your measuring AC, in this case the sadly, much the same scenario exists, the AVO will have an OPV figure of just 1,000 and most digital meters will be somewhere in the scope of 1,000,000 to 10,000,000 OPV and where and what you are actually measuring will have a huge differance on your readings with your meter. This is a big gotcha with newbies fooled into think that they have discovered a fault when they haven't and they substitute a resistor in order to get the correct meter reading and when they remove the meter, all kinds of other problems can set in because of either under or over voltage being applied to the circuit in question.
Perhaps the bet example I can give you is the following extract from a Heathkit VTVM (vacuum tube volt meter) (or a modern DMM) and analogue meter, this is why decent service charts, manuals will normally specify the test equipment used to measure voltages, and so it makes sense if at all possible to use the same type of meter as mentioned.
Consider the example given in the extract of a valve that requires a 50V plate voltage derived from a 100V supply rail, then it needs a dropper resistance being inserted in the circuit. If the circuit voltage was measured with the AVO then in the calculation given in the section between page 24 and 25, "Using the VTVM" you will see that the AVO would indicate a reading of 14.3V but if the VTVM or a DMM used, then you see a reading far higher, in the case of the VTVM it would be 49V and slightly less with a meter having input impedance of 10M and far less if the impedance was 1M.
The AVO Electronic Testmeter you mentioned, also has the same input impedance as the VTVM by Heathkit used in the example above, so for voltages measured in the service manual where this instrument has been specifically mentioned, a modern DMM could be used but expect to see lower readings as already mentioned.
This why it essential when working older equipment to check what the equipment used in providing the readings, actually was and trying your best to replicate the same set-up, otherwise you will have problems.