I forgot to respond to your question about whether defective output tubes can damage the amp -- the answer is no, because VAC Renaissance amps have a "sentry" output tube shutdown circuit that shuts down power to any output tube pair that goes out of spec (i.e., that contains a dying or defective tube). A red light will illuminate for the affected tube pair, meaning voltage was killed to that pair. There is no worry that a defective output tube can harm the amp. Given that the Renaissance amps autobias, use super long-life 300B output tubes, and have the tube shutdown feature, they are as easy to own as a solid-state amp (easier, because if you blow an output transistor, your stuck with a repair, whereas with a tube amp, once you have retubed, you basically have a new amp).
Have you arranged the tube pairs properly? Tube pairs must be installed "front-back", up and down the "V" layout of the tube sockets, not "left-right". As for other operational issues: (1) regarding the adjustable feedback, DO NOT run the amp with any feedback, as even 2 decibels of feedback kills the magic of the amp. If you don't have sufficient woofer control using zero feedback, sell the amp or replace the speakers (the feedback feature was a nod to marketing); (2) run the amps off the 8 Ohm tap.
You may not know this, but the Renaissance amps are the best amps VAC has made -- they are entirely point-to-point wired (in comparison, all PHi components use circuit boards), have outrageous parts quality, and superb output transformers (that's why your 70/70 retailed for $14,000 ten years ago). This explains why, at 65 watts/channel, your 70/70 sounds like a good 150 watt/channel amp (it helps that it is totally dual-mono, all the way down to two power cords and two on/off switches).