I’d say without ever doing the experiment to see on the test bench or hear also, this 47kohm output impedance "could" be the problem. As it will also be "capacitor coupled" as well being tube which "could" make it even more of a problem if the caps not large enough, or an electrolytic, who knows, as it’s not following the output input >1:10 "rules" as we know them.
Cheers George