Will be picking up a PW "Z" 275. Will only have a multi-meter.
What should I check out?
How should the handles and dials "feel"? How should the winding "sound"?
Just guessing that there should be absolute zero output at full off?
Max reading at full on is_____? Each circuit?
Any thing else?
Thank you...
Adding to the good advice already provided. All four outputs should be 0 when off, ~8 Volts when the throttle is barely open, and around 19-20 Volts at full throttle, all with no load. If the rectifier discs (or replacement diodes) are working, there should be about 5V DC between U posts and the corresponding A and D posts when the whistle button is activated. If not, the rectifiers are fairly easy to replace.
I would also suggest walking away from a transformer if it generates any noticeable heat with no load connected.
To remove the top cover, remove the 4 Phillips head screws in the top cover, the red and green lamp covers unscrew, and the two bulbs are bayonet base that are pressed down and turn counter-clockwise 1/4 turn:
Look for any signs of charring, excessive wear on the windings from current or previously worn rollers.
The roller diameters when new are about 3/8".
Look for any "repairs" that don't look right to you.