Unregulated supply is safe for class C amplifier.
Although Its unsafe with a linear amp with unregulated bias, because the amp would be over-biased during low RF drive.
However, for AM, the power supply sagging on audio peaks is the opposite of what you want.
The ultimate setup for AM would be to modulate the control input of the LM723 with your audio, instead of the RF signal feeding the amplifier. Capacitors on the collector of the finals would need to be reduced to accommodate the audio frequency. This would assume the LM723 has the bandwidth for audio. Such a configuration would only need a deadkey RF input, but would be louder than anything.
Although Its unsafe with a linear amp with unregulated bias, because the amp would be over-biased during low RF drive.
However, for AM, the power supply sagging on audio peaks is the opposite of what you want.
The ultimate setup for AM would be to modulate the control input of the LM723 with your audio, instead of the RF signal feeding the amplifier. Capacitors on the collector of the finals would need to be reduced to accommodate the audio frequency. This would assume the LM723 has the bandwidth for audio. Such a configuration would only need a deadkey RF input, but would be louder than anything.