Also, doesn't bypassing the cathode render some of the "cold clipping" effect as moot, given that the cathode appears to be at AC ground (at least at "high" frequencies)?
So-called "cold clipping" describes the operation at low current of the triode, about 0.3mA, when the other stages, with a 2.7k cath res operate ar 0.7mA, and a Fender preamp operates at a little over 1mA.
A direct consequence is that the anode sits quite close to the B+ rail, which means that the positive peaks are clipped earlier than the negative ones, which results in significant 2nd-order harmonics.
Whether the cathode is bypassed or not does not change the fact that the output max level is changed in the same proportion.
To resume, the clipped output of tubes with a 10k clip is one third than those with a 1.5k and half those with a 2.7k.
Now the gain of the stage with an unbypassed 10k is about 9dB lower than that with an unbypassed 2.7k, so clipping will appear at about the same
input level, but with a much lower output for the "cold clipper".
Now bypassing the cathode will increase gain, so clipping wiil appear earlier than those unbypassed.
Here is the simulation of the three opions,
In green, the unbypassed 10k cath res
In Red, bypassed with a 100nF.
In brown, 2.7k bypassed with 330nF
It's easy to see that the responses are very different and that clipping is almost non-existant for the unbypassed stage.
At this particular setting of frequency and level, the 100nF bypassed cold clipper has much more second harmonics than the 2.7k//330nF.
Actually it takes about 3.5 times higher input to produce the same amount of clipping.