So what does the scope show? It depends. With or without load? The load is all important. It is the load itself that creates a second possible current path, as with a load, the current can flow from the bottom tube into the load or from the load into the top tube. In other words, if the load is a 32-ohm or even a 2,000-ohm headphone, then the traces show that the push-pull view is correct. On the other hand, if the load is infinity, or what is close enough, 1-meg for example, then the single-ended/constant current source interpretation is half correct, as when the SRPP attaches to no load, the only possible current flow is straight up through both tubes, making differing current conductions impossible; thus, it is true, in this case with no load, that the circuit can only be single-ended in operation.
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