Now that you uncovered that pot, I see it's labeled VR 205. Modulation adjustment states VR 206. To be clear, are you saying VR 205 changed the modulation somewhat or did it remain the same? If it did make a change, I suspect it is actually the modulation pot. Sometimes they change board labeling when the manufacture updates to a high board version. If it made no change, I'd look for VR 206 to see what it does or if it actually exists. If that fails I would look at Andy's clip or short diode suggestion. The The Sam's book would help a great deal as to its exact location.