The Circuit
The Champ 5E1 preamp uses a 12AX7 dual triode, the first with a fully bypassed cathode and the second without a cathode bypass capacitor, as shown below.
The parts values are
CG = 0.02uF
RG = 1M
RGS = 34k (two 68k resistors in parallel)
RV = 1M
RK = 1.5k
CK = 25uF
Since the power amp cathode resistor is fully bypassed, the power amp needs only a 19-volt signal amplitude to be driven to full power, minus the effects of feedback from the output transformer secondary. Here are screen shots of our Cathode Bypass Capacitor Calculator for the first and second stage voltage gains:
Notice that to create the conditions for the second stage unbypassed cathode resistor we simply entered an extremely low value for the bypass capacitor, in this case 100pF. The total preamp gain is
G = (59)(24) = 1416
So the input sensitivity, which is the signal amplitude at the input jack needed to drive the power amp to full power, is
V = 19 / 1416 = 13 millivolts
This is quite respectable by modern guitar amp standards, because standard pickups can easily produce 13 millivolts and overdrive the power amp without external boost. (This is why modern-day Champ clones usually omit the negative feedback used in the original 5E1).
DC Operating Points
The two stages have identical plate supply voltages, plate load resistors, and cathode resistors. So the DC operating points are the same. The load line (red) and grid lines (blue) are plotted here:
The lines intersect at a DC grid bias voltage of minus 1.4 volts, which is close to Fender's measurement of minus 1.5 volts. The DC operating point is thus defined by a quiescent grid voltage, plate voltage, and plate current of
VGQ = -1.4 volts
VPQ = 170 volts
IPQ = 0.9 milliamps
AC Characteristics
For the high gain input the grid stopper resistor consists of two 68k resistors in parallel, for an effect resistance of 34k. From a screen shot of our Grid Stopper Resistor Calculator we see that the frequency response for a low-impedance guitar pickup demonstrates substantial radio-frequency attenuation with negligible audio attenuation:
This is exactly what the gridstopper is designed to do: filter radio while leaving audio frequencies intact.
Reference
1Richard Kuehnel, Vacuum-Tube Circuit Design: Guitar Amplifier Preamps, 2nd Ed., (Seattle: Pentode Press, 2009).
