uncle Ronnie,
Sounds like you have a handle on what you want to do, so i'll just add my 2 cents worth of experience with this stuff and you can take or leave any or all of it.
first, the NTE270 is a darlington transistor and the 140GTL uses two transistors to make the darlington pair, so i can't say for sure that the NTE270 will or won't be a drop in replacement. you may have a few circuit modifications to make.
next as for the package size of the transistor, yes the NTE270 is a larger transistor but it's not going to run any cooler than a TO-220 package.
all it's going to do is get the heat from the front to the back of the transistor faster.
this has all been studied before and the real answer is that unless you increase the size of the heatsink, the transistor is going to average the same temperature.
again, take it or leave it, but im not guessing here.
as for the volting of the final, yes it will make the regulator run cooler since it only has to modulate the driver. the trade-off is that you no longer have a true high level modulated radio since you are only modulating one stage of the RF amplifier.
yes, it will make the difference between 18 watt peaks and 25 watt peaks but there isn't an S-meter in the world that will notice that difference.
the loss is, in my opinion much more significant than the small gain.
the loss is in the "punch" of your audio.
I have done radios both ways more than a few times and i can tell you that the difference is noticeable. once i heard it for myself i went right back to modulating the driver and the final.
Lastly, for the NPC mod to work properly, you will need to have an adjustable AMC and i can't remember whether or not the 140GTL has one. there may be some versions that do and some that don't.
good luck on your modding and please come back and let us know how it all worked out.
LC