There are two Pots, One trims AM side, the other the SSB side - both get fed by that Mic Pre-amp.
If one of the pots opened - or gets too dirty, the path to ground is different between the two (SSB/AM)
So the Pre-amp "loads up" the line to this branching tee, but if it is having trouble letting power flow thru both, the circuits they feed, "don't get the right amount".
So if the pot is dirty on the side you're not using - it pushes more audio from the Mic amp into the weaker side - lessening the power present to divide amongst both.
The "mic amp" is a double balanced modulator amp - so it "limits" on it's own.
This thing is ancient...
- Made between Greece's Colossus and the Roman Drive-In/Eat-In Amphitheater.
The one on the Left I think was the reason for
TANDY to even exist - those are big shoes to fill...
The "Pot" parts I'm talking about are VR1 and VR2 - the AM and SSB "set and forget" balancing.
Uniden switched to a FIXED divider and a simple transistor shunt to turn one side off and make it appear as a "constant load" so then when you "switched to that mode" the transistor diverting the load when in the other mode - opened up (switched off) opening the floodgates.
The other side gets pinched off from another transistor forcing the AM Regulator "High" (Swamping it's input) all the time during that mode so you don't have that delay. The resistors used between both "split" power so the losses incurred were always equal between the branches
FIRST - only one side looked like a "dead short" only to the parts downstream in the strip from that shunt switch.
I located a 1400 Schematic here...
TRS Challenger 1400 (cbtricks.com)
http://www.cbtricks.com/radios//trs_challenger/1400/index.htm
So in radios like this, it is how I learned to make up a Permanent Fix by removing the pots and finding values that "equalized" the power flow - using three resistors with one of them tied as common reference to ground so the trim pots being what they are, when they fail or get dirty - WOOF. Problems....
Now, you asked about AMC and the "inherited delay" - everything in it is set up by level - so the "re-cap" due to this things age, comes to mind. There is more intricacies in the RX side and the SSB mode, then the Am side - which is a feat in itself. The delay may be from the Relay switching - a dirty or slow contact switchover, can cause the voltage drop and that delay as the power hogs that are on the switched line - feeding from the trough hogging up and taking away all the power to feed the rest of the barn...
The AM delay the thing uses a AN7150 Audio amp - and output is just like a typical AM radio - should sound pretty nice. But the "delay" may be from "bootstrapping" issues - "fresh" caps become "slow" caps as they age.