Loudthud thanks for the insight - here's where I'm at now:
I have removed all the output devices and R304 and R303 are still heating up. I did find a short that the previous "tech" had snuck in - connecting node 2 to 4. The VC (collector voltage) on all the output sockets is now correct at 1/2VCC = 48/2= 24V. I replaced all the bias resistors on Q2-Q5 for good measure (some had drifted) but that's not the fix.
What else should I look for to see if the bias is balanced? Since the secondaries on the interstage transformer are floating - I'm assuming that, unless there is a short to ground on S1,T1 or T1,S2, they don't figure into this. Yes it did run a continuity check on the above secondaries and they don't appear to be shorted to ground. What else he asks??