Speaker Sounds Blown; But Doesn't Look Like It

[Steve-H]

All,
Making forward progress on my Stewart Warner 11-6V. This evening I played some records on it while it was still on the bench, and the speaker sounded as if it were blown; even at moderate levels any bass would sound like it were coming out of a cone that had a 3 year old child poking holes in it. However, the speaker looks to be in damn near perfect shape. See for yourself:

http://farm1.static.flickr.com/133/3...6e345dc7_o.jpg

I took some bias readings off of the output tube and rectifier (the two tubes that I replaced), and the output tube reading was about 10-12% higher than spec. Would this have anything to do with the above issue ?

Also, here's a quick flick of the Collaro Conquest Changer in action:

http://video.google.com/videoplay?do...38811803505246

Thoughts ?

Happy New Year !!!!!!!!!!!!!!
Steve