I played a couple audio sine waves over the speaker into the mic but like with a 1000hz wave my modulation current is at 125ma (manual says don't go above on positive peaks) before I get to 100%.
Nathan,
With a sine wave drive, the tone is continuous, so the average level is higher. Therefore the modulator current will be higher. I wouldn't worry about going over 125 ma, but maybe limit it to 30 seconds or so. Do worry about going over 100% negative though as that unloads the modulation transformer, and modulator for the time period the over modulation exists. This is where the Apache clipper might help out if it is still in the circuit. Otherwise you keep the level down, or just use some form of high level clipper, or negative cycle loading circuit.
I still have two this old one I'm using now and another that I repaired with a razor knife, glue, candle wax and a lot of patience.
I did the razor, and wax repair myself years ago. It worked! I made a post about it too, years ago on AMFONE..
Jim
WD5JKO