Hey Tony, I have the same amp and have had the very same problem you have. The 4 12AT7's provide the bias to each KT88 output tube thereby if one 12AT7 goes bad, then the corresponding KT88 will glow cherry red. The Mac's are built rugged and there is usually no need to investigate further but to replace the bad 12AT7 and get rid of it or at least mark it so it won't be mistakenly reused. I would also replace the KT88 as the Genalex KT88 that went cherry red several months ago on me finally gave up the ghost in a bright display of arcing a few days ago upon power up which blew the mains fuse. Replaced the fuse and the KT88 and all is well.
Cheers
Cheers