No, the AM modulator transistor is switched out of the circuit by the mode selector in sideband modes. That's why the peaks are always a tiny bit larger on sideband than on AM in Uniden SSB CB's of that era. The added voltage drop of that transistor reduces the peak voltage feeding the driver and final in AM mode. The full B+ voltage is what the selector feeds the final and driver in sideband.Wouldn't the regulator do the same in ssb?
This is not a familiar symptom. Would prompt me to ask what it looks like on a 'scope.
I had a 148 decades ago that had a RF-feedback gremlin in the final stage. Would only distort when sideband peaks exceeded 3 Watts. If I turned the mike gain low enough it sounded pretty sweet. But as soon as the voice peaks passed that threshold, it would garble. Not a frequency-pull garble, but a mushy distortion.
Never did find the root of that one. In that case, the 'scope wasn't a lot of help. But it would settle the question of whether the modulator is feeding the 'crackle' into the power stages, or if the RF circuits are the root of it. Just having a peek at the waveform on the bias-test jumper pins might answer that question.
73