I'm pretty fortunate myself I picked it up for $26 from a yard sale over the weekend. I took the front cover off and noticed the speakers were blown so I put a fender speaker from a Princeton I had laying around and threw in one side of it and the amp seems to work fine although I don't know how to operate the vibrato nor do I know what it does this is all still relatively new to me
Nice bargain.
The output transformer should be 4 ohms. Best to show the amp the expected load.
The Reverb is normally on. You need a pedal to turn it off. The Vibrato is normally off. You need a pedal to turn it on. You can also use a shorting plug.
Vibrato is pretty much just a fluctuation in the volume, so the correct term is tremolo. It's a nice effect, but not something you hear very much anymore.
The Vibrato uses an optoisolator in the vibrato/tremolo circuit.
There are various names for this device but it is essentially a light dependent resistor (LDR).
An oscillator drives the light with a fluctuating voltage. The variation of light intensity changes the resistance of the cell. One side of the cell is connected to ground and the other is tapped to the signal path in the preamp. By varying the resistance it changes how much of the signal is shunted to ground, so you get a change in volume that corresponds to the frequency of the oscillator. The LDRs are fairly prone to failure.