I just wanted to follow up with this: I took the amp over to Ytrehalf's place over the weekend and was delighted to find that, even at only a couple of watts, it can hang with live drums... at least when it's plugged into a 4 x 12! :grin:
Through the Vintage 30s, I noticed a bit of raunchiness around 3kHz that I didn't hear at home through an Eminence alnico 10", but I suppose that could be due in part to the well-known Celestion high-mid bump. There was also quite a bit more bass through the 4X12, as you'd expect, even with the control all the way down. I'd probably make some tweaks to this circuit if I were going to be playing through that particular cabinet on a regular basis.