I went through something similar with my 69. Bought and installed a new fan that was advertised as about 4dB quieter. But it turned out to be louder. I discovered the the webpage had an error. Put the original fan back, so I wasted a bunch of time and a bit of money. At least I have a spare fan

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Is the fan blowing in or out? My 69 pulls the air into the headcase. There is a cut out in the grill for the fan, so there is nothing obstructing air flow before it meets the fan blades.
My 87 blows the fan out and there is no cut out in the grill. I thought it would be better to pull the air into the head case, so I turned the fan around. This made the fan louder and more whiny. My theory is the air passing trough the grill forms in little high speed jets. When the jets hit the fan blades it causes whine. I turned the fan back around...another couple of hours of wasted time.
Supposedly the SVT did not need a fan to pass certification, but I don't recommend turning the fan off. The components will get hot and break down quicker. It might be okay to use a lower capacity fan, but from the research I have done, the max you will probably knock down the SPL is about 5dB.
If there is less fan noise, IME your more likely to notice some hum. Every vintage SVT I have ever played had some hum.