I know this thread is old, but.... after looking at the schematic for some time, I actually think the gain element is most likely to be a discrete version of the MFC6040 electronic attenuator used in the EMT262. It's the only part I can find from the era that this thing was designed that would account for the dual 100R potentiometers that are connected to the TLA compression cell. If this is indeed the case, then the time constants this device is using to emulate an optical cell are all entirely present in the side-chain, which is, extremely interesting....
Has anyone actually got one to measure the response curve between the control voltage input and the output attentuation? I'd be super curious to see if the response was:
1.) Linear or exponential.
2.) Directly proportional, or subject to some other time-constants hidden inside the "compression cell", to determine if the cell itself adds extra time-constants, or if it's just a direct VCA.