o.k. is the noise with or with out eq, filters, etc.
you could run a scope and probe until you find where the fault in the circuit is.
since it is on the line input side only, there is very little before the relay switching between mic and line
Stating off with the transformer, it feeds into a 5534.... if my notes are correct check around ic4. Out of ic4 it feeds a coupling cap and then to the relay.