In this case the tube is driving an output transformer and the step down of the output transformer is why there is little if any gain. The output side can drive 50-100 feet of cable, balanced or single-ended. Yes, it will sound better than a semiconductor system- that does not change. The advantage of this system is that the transformer can be properly terminated so there is no ringing or frequency response anomalies, and at the same time the position of the volume control will not act as a tone control since it is buffered.