To check a resistor (or pot) one side must be removed from the circuit in order to get an accurate reading.
However that said, if the behavior is the same with the selection in the 60W position, I would suspect there is a problem with the voltages powering the output tubes.
There are many members vastly more qualified than me who perhaps can chime in. But I would start by validating the power supply caps and voltages are correct. Then that the tube sockets are all making proper contact.
You didn't mention is this amp new to you or has it been working fine and now its behavior has changed?