If you use the KT150, I would bias it to 80ma. Based on the amp power specs for the EL34 and 6550, the bias settings of the tubes and 500V at the plate, the amp operates in Class A/B and the output transformer is about 6500 ohms in Ultralinear. The manual also shows the ammeter's upper limit as 80ma.
The EL34 operates at about 5 watts Class A, and A/B to its rated power. The 6550 runs about 12 watts Class A.
The KT150 at 80 ma with a 6500 ohm xfmr at 500V will operate in Class A for 20 watts and max out in Class A/B at about 75 watts. The bias point is a little less than 60% of the tube dissipation which is on the cool side but within the sweet spot envelope for Class A/B. The tube should work fine. But... save your money. The KT120 operates identically biased at 80ma and runs 70% dissipation, which is the upper limit for Class A/B operation.