At least one if not two tubes drive the meters, I bet.
Can you roll 2 G9's out of it? Enough B+ and current? Heater leads 12.6 or 6.3v? Rectified heater voltage or straight ac? Measure voltages and component values to see if they're on or drifting? B+ clean? etc etc
What's the playback circuit look like, from the head to the unbalanced output? That's usually the best sounding circuit in a tape recorder. That mic pre is just a crappy go between to dangle a plastic dynamic mic off of.
The heads should be hi-z, so you can expect similar performance from an input xt where the playhead was. If they're low z then there should be an xt already in there, between lo-z heads and the first grid. Put something like .22uf or .47uf in front of the first stage of the playback line amp, xt if you want. If you're feeling whacky hook your discman up with a 400v cap, .22, .33,.47, where the playhead was and plug the output into your stereo, see what it sounds like, how much gain it has, yadda yadda.
There should be a bias transformer in there for erase current.
'Cause think about it, these were playback machines, folks bought tapes as well as lp's. There wasn't any serious thought put into the recording capability, as long as little Billy could drive his Dad nuts with the slap echo thing, and maybe record a radio broadcast once in a while, make a 3 and 3/4 ips Xmas party tape, etc.
I'll mention the 351 only briefly because I don't want to go there, but the mic pre is basically what a fellow Ampexian calls a Suck Button; the balanced line in was a fat pad in front of the mic pre. I have a Captiol Records 350 with numerous Capitol mods, and guess what? They gored the mic pre. The machine was set up to take unbalanced bridge in ONLY. So it's said of the Columbia 350s and 351s.
But if you look at the scheemo of the TubeTech MP 1A mic pre it's the *playback* line amp from the Ampex 351, complete with the fancy output xt, feedback winding to cathode of invertor, blah blah blah.
That would be a cool copy; 12AX7 gain, 12AX7 invertor, a single 12AU7 in pushpull and the 351 output from Sowter.