Yes, that is the correct connector. Thanks for the link! I think I have one in my parts bin, but if not then I will need to buy one. On the other hand, I agree that the vintage test gear market is small and for a 1960-70 VTVM that is quite plentiful, I don't imagine it would be something I would consider.
The PL269 idea is a possibility, but in further inspection the ground lead is already a banana jack and I suspect that the hole for the old 7/8" connector is probably a round hole about 0.5 in. With an appropriate PLA shoulder washer I could replace it with a banana jack as well and maybe even achieve 3/4" spacing. As mentioned above I would then wrap the old connector and tack it inside the unit when I am doing the proper capacitor-resistor restoration.
The only issue then would be to replicate the switchable 1 meg resistor in the original probe (bypassed for DC and utilized for AC). Ideally there may be a way for the function switch to do that. I will have to investigate and think about it.
I want to give full agreement to the above comments about making power cord changes to modern compliance. I also make sure all line-neutral and line-chassis capacitors are changed to modern X or Y class as appropriate. I have unhappy memories of being "bit"
in my youth by a hot chassis on someone's radio. Promised myself to never let anything I work on to be able to do that!