Update:
Well, I had an open resistor and a bad 807.
I went ahead and changed all the resistors in the rig to specs (1 and 2 watt) and new 807's.
I now have modulation.
The case as said before was really ragged out.
All was left of the little Viking guy was one horn and his nose..
The paint at the top and sides was down to the copper in large areas.
The 'brown' paint and the lettering was untouched.
The brown paint was either very dark, almost matte black or the oxidation had taken it's toll.
At any rate, my xyl taped off the lettering very precisely and I primed then I shot the case in black krinkle paint found at the car shop for valve covers after a good sanding down.
When it drys it gives it a nice matte finish.
Takes about 2 hours for full krinkling..krinkle?..whatever..
It krinkles good.
The echelons for the meter and tank were removed and sprayed with Krylon plastic black spray paint (matte).
It turned out really well.
A few more tweaks and she'll be on the air..
I'll try the PTT mod when I know everything is working as it should.
Thanks to all for your suggestions.