If a 700 or 700B series 1 (or for that matter a 400 series 1) transformer is to be used with LED style VU meters (i.e. Cyclons) typically you would need to provide it with 12 volts AC as the series 1 amps came with a 6V secondary for powering the incandescent bulbs. I happen to have a prototype Phase Linear series II amplifier when Phase Linear hadn't received the new series II transformers yet. So they installed a 12.6V CT 1.2A transformer inside the amp on the side wall near the outputs. NOTE: If you install a DC protection relay there may not be enough clearance to place the transformer there.
It has been a while so my memory is a bit fuzzy on the following......
So on Phase Linear 700 series amplifiers, instead of running the 120V leads all the way up to bridge rectifier you might run one lead to closest thermal cutout switch and the other lead to the accessory AC (a.k.a fan) outlet. Another option might well be both leads to the AC accessory outlet. However some of the amps had the AC accessory outlet switched and some others did not. In which case the transformer would be on all the time. Close examination of the wiring inside the amplifier should be observed in order to ensure that the transformer only comes on when the power switch is turned on. You may also want to place a low value fuse (i.e. 1A) in-line with the transformer to provide some additional protection.
I have found some 12.6V CT 1.2A Radio Shack transformers that are the same physical size as the one I have in the prototype amp. The Radio Shack catalog number is 273-1352. They can be found on ebay on occasion.
https://www.ebay.com/itm/264400468903
By the way, I would love to find someone that makes a LED VU meter display that runs on 6 volts. If my memory serves me correct, the lowest I've ever found ran on 9 volts?
Ed