I'm not very knowledgeable on tubes, but everything else is pretty high quality and probably the best it can be. Only potential is probably the parafeed caps, but the dimensions on it are pretty tight.
Yes, I think this is generally correct. However - tubes are ubiquitous, readily available and the options are almost limitless.
On the Torpedo III website, there is a Tweaks page:
Torpedo III Tweaks
On that page, we describe three tweaks you can do for the Torpedo III, in the order of preference. Preference, in my mind, would mean also including how much "the juice is worth the squeeze." Anyway, unless Dsavitsk comes up with something else, we ranked them this way:
1. Output Transformers
2. Tubes
3. Parafeed Capacitors
The Output Transformers are obvious: the Cinemags. The Parafeed Capacitors, as noted in some of the previous posts, may be problematic due to the high uf needed and the space available (not to mention $cost of high-uf boutique film capacitors). Note that it is still listed as a possible Tweak, it's just not ranked as high as the other two.
That leaves the tubes. Even though Doug has stated many times that the Torpedo III is optimized for the 12AY7, neither of us have come close to trying all the brands/makes that are available. We simply selected the Electro-Harmonix as the most reliably-sourced and quality-controlled option to include with the kits. That means there's a lot still out there. Plus, we have already mentioned a number of variants that may have very interesting results when used in the Torpedo III. As with any other tube amp, then, the idea of rolling tubes is absolutely valid for the Torpedo III
and has yet to be fully explored. With the 12A*7 family, the possibilities are almost unlimited.