The PL700B is a very simple amplifier. You approached the amp correctly. This amplifier has three physical 'blocks'.
Block 1 is the Power Supply. Nothing good happens with a defective Power Supply, of course. As others have said (like resident expert George S.) , disconnect the DC "Rail" wires on each of the main Power Supply capacitors first. Check for the DC voltage between the Positive Rail and the STAR ground, which is the buss bar between the Power Supply capacitors. Verify +100V and -100V. Then switch your meter to AC and measure the AC ripple voltage just like you did the DC voltage. If it is below 50mV, you are good. I always replace the Bridge Rectifier, they are inexpensive ($7.00 on the website below - with snubber capacitors). A Power Supply capacitor installed incorrectly will cause the DBT to get bright very quickly. Both Power Supply capacitors installed incorrectly? Hmm, never saw that one...
Block 2 is the Control Board. No voltage checks here, too many possible issues and if you fix one there will be another; the original control board is not worth troubleshooting. Purchase a new White Oak Audio Rev G1 Dual Mono Control Board kit with the Phoenix connectors here:
https://www.whiteoakaudio.com/estore.aspx Instructions included. Huge improvement in sound quality, your customer will like it.
Cut the wires close to the original PL Control Board. Then tie wrap the three leads going to the Bias Resistors located on the back chassis wall to something immovable or the leads will break. Wire connections are ID'd by color code but they were not always consistent, best to verify the origin of each wire (in the Instructions).
Block 3 is the Backplane and Output Transistors. Look for obvious issues on the Backplane, typically burnt/cracked resistors, cold solder joints, broken wires, etc. You can pull all the fuses except the 120V main power fuse and isolate Left and Right channels individual B+ and B- Rail voltages to identify a bad Output Transistor bank. However your symptoms do not include blown fuses or a bright DBT indication, so the Output Transistors are probably OK. You CAN bring the amp up and play music with only the bottom row of Driver Transistors installed, likely RCA 410 or RCA 66546 (they are the same). Just keep the input very low or you will fry them. Installing one row at a time and then checking for shorts, smoke, and DC voltage at the Left and Right outputs of less than 10mVDC, plus a good output sound will help identify any faulty Output Transistors.
Lots of good answers here on this forum and some critics too (aren't we all). Good Luck