TRAM D201A issue

[crambone]

Hello, 
          I have a D201A that I just set up and Im seeing a bad looking signal on my scope. This Unit was Recapped and new HV resisters installed about 1yr ago and never had an issue. I pulled and checked the tubes and they are all at 100%+. I tried to re-tune the 2 back adjustments and im getting 4watts on a BIRD Meter. Im using a D104 non amplified mike. 

[bobcat4109]

What points are you scoping?

[crambone]

That’s taken between the radio and load so from the antenna output

[crambone]

The multi caps are original.