I had a similar issue, checking TR38 and TR36, they showed good. I could remove TR37 and it would come out of transmit, I think I’m telling this correctly... I think.
Issue turned out to be TR37, the 945 piece. I also replaced it with a “new” one, from Mouser. As a matter of fact, I replaced it 3 times and still had the same issue. I contemplated taking my aluminum baseball bat to it right there on my bench.
In a Chevy Chase moment like Christmas Vacation, one last feeble attempt to find the problem, I pulled a 945 from a parts chassis. And can you guess what happened? Problem solved.
So instead of taking the ball bat to the radio, I took the entire lot of 945’s from Mouser and beat them to dust and pulp. Ordered a new batch from RFP and haven’t ever looked back.
My point - make sure your new parts are real and not fakes.
This also explained why so many TR32 replacements didn’t restore limiting or would result in absolutely no modulation. Hmm, damn Darkside let me down on that one...