I was messing around with my 200S the other day. I decided to experiment with eliminating the negative feedback loop, switching it out using the disabled polarity switch.
I ran a line from the 16 ohm transformer output to the polarity switch and back to the feedback connection point. With the switch closed, the feedback line connected, the amp sounded the same as before. With the line open, the first thing I noticed was that there was noise. Not too loud, not noticeable when playing but apparent when the amp was idle. Turning the volume control down didn't affect it. The second thing I noticed was significantly more gain. Set for the same level, the tone was subtly different, but I'm not sure how to describe the difference. I'm also not sure that it's particularly useful, especially with the noise.
I'm still wondering about a couple of things, though. There are two feedback application points, one at the splitter/driver (6AN8) tube and another at one of the power tubes. Might it be a good idea to keep one of the application points? Greg, I'm looking your way. I seem to recall that you've done this kind of thing before.