I was thinking more like 'bugly' or 'butt ugly'That scope waveform is just plain fugly.
Wow, maybe it was set up for a noise canceling unpowered microphone held at arm's length?
Ok that makes sense that the negative isn't pinching. The distortion is peak to peak. If it were audio or modulation related, I would expect the distortion to be more symmetrical. Is it safe to assume that the clipping is in the RF amplification somewhere? Just trying to learn.