I hope you are right. I wished my case is just a bad transformer and hope the new one will fix my problem since I like the way KT120 sounds now.
The reason I posted it here is to see if other ARC VS115 owners experienced the same problem with KT120 or even 6550 tubes. If you do a Google search, you will notice at least 1 VS100 and 1 VS115 owners complained the same problem.
Here is ARC response: "Over the course of time with KT120 use in the VS115, Audio Research has observed an accelerated rate of failure in the power transformer for the VS115. The power transformer start to buzz loudly. This is most likely due to the large increase in the heater current requirements of the KT120 output tube which causes the power transformer to run extremely hot. Due to this increased risk of power transformer with KT120 use, Audio Research now recommend customers use only the 6550 output tube in the VS115. Moving forward, Audio Research will only warranty future power transformer replacement with the use of the 6550 output tube. "