http://www.2tough.com/~kiira/optocomp.jpg
Is that a point-two-two cap driving the LED? If so: always write ZERO-point-two-two, so the leading Zero alerts us to the decimal point.
And the naked LED is about 30-100 ohms when lit-up good. You would need 100uFd for full bass signal to the LED. AND a beefier driver.
Note that a Cathode Follower is NOT always the best way to drive a high-current load. You get exactly the same current in the Plate side.
There's a couple ways to go. To use the LED voltage as a limiter threshold, you want a fairly high-power low-Z output. Put the LED inside a bridge rectifier, I like that. Threshold will be around 1.7V+1.2V= 3V peak. For 6dB rise, we want several mA of LED current at twice that level, 6V peak. Say 6mA at 6V. Put in a series resistor to drop 3V at 6mA, or 500 ohms. Now we can use a 20uFd coupling cap. If the driver tube is resistance coupled, it needs to idle at a lot more than 6mA.... 20mA at a minimum. Maybe you could fudge the LDR series resistor, work the LED at 1mA-2mA peak, and get away with the driver you have.
To get a very stiff limiting curve for speaker protection, I've used ~100 ohms in series with a bridge around a couple LEDs (the second one worked the meter).
The simplest VCA for your purposes is a JFET, such as used in the UREI or the Shure. Yeah, it was made with transistors and chips, but it would work fine all-tube except the one JFET. The Gate drive is lovely high impedance, over 1 Meg release resistor. For reasonable attack times, the series resistor could be as high as 10K, easily driven from a resistance-coupled tube. I don't know if NYD has published his little vari-Mu design, but that sidechain plus a small negative DC supply would make a fine FET driver. Note that the signal at the FET must be held below 100mV or 10mV for low THD, so you need a chunk of gain between that point and your Line Output.
The opto has the decided advantage that you can see it work. Note that this can be tricky: room-lights will drive the LDR to minimum gain, and the glow from the LED may be dim at limiting threshold.