Uh Tony, at the risk of sounding like some kind of smug smart-ass, I gotta ask. Why is someone fooling around in the radio BEFORE finding out what the parts are?
Now, don't get me wrong. For a procedure like upgrading a (working) part, installing a noise toy or other mod, a good set of instructions, with clear pics or diagrams makes that level of knowledge unnecessary. So long as all the details are presented clearly to you.
On the other hand, if something goes wrong with a task like installing a noise toy or modification, that kind of basic knowledge becomes necessary. Finding out what 'went wrong' with a task like that gets more complicated.
And that's where you are, hoping to troubleshoot a failure without first learning to identify the parts.
Now, if all you want to do is replace a carburetor, you don't have to be able to recite every part inside the carb from memory. You only have to know what it looks like, where it is on the motor and how to unhook/reconnect all the stuff attached to it.
The transistor that I THINK you're talking about is the AM modulator. It also passes juice straight through to the transmit power stages when running SSB. When it fails, the symptom MAY be just like you describe.
But it's not the only possible cause. Just replacing parts without first pinning down WHAT has shut down is like playing Pin-The-Tail-On-The-Donkey.
If your soldering skills are excellent, sooner or later you'll stumble across the problem, replacing one part after another.
Trouble is, every time a part gets taken loose or swapped, there is the risk of a small 'whisker' of solder getting bridged across the gap between adjacent foil traces. Do this enough times, and you can end up with more bad parts than you started out with, if something like that happens.
I strongly advocate having a way to TEST a part that you suspect has failed. Without that, you're flying blindfolded. No big deal if you have plenty of all the parts in the radio. If the parts are a pain to obtain, narrowing things down first will save a lot of grief.
Seriously, this is not sounding like a good "first-time" repair project.
73