I'm attempting to duplicate a circuit from a 40 year old design. It is part of an analog control system and this circuit is part of a signal isolation system. It is a late 1970's era design and I'm stuck with it. I'd switch to opto-isolators except that the incoming signal is ±0.2 volts at most. My attempt to use one just didn't work for such a tiny signal. The signal comes from a current shunt for a sizable DC motor and I can't mess with it either. The old design works surprisingly well, until it fails, and spare modules are unavailable. So, in effect I am having trouble reinventing the wheel.
The first transformer provides the reference square wave which in turn drives the gate of a pair of N-Channel JFET transistors. The second xfmr gets its energy from the signal to be isolated. One end of the signal is connected to the center tap of the second xfmr while the other end connects to the common node of the two JFET transistors. Without a signal, there is no energy to be impressed on the coils of the second xfmr.
In the image below, the yellow trace is impressed on each half of the center tapped primary of the second transformer. The blue trace is the amplified version of what comes out on the secondary (which is also a center tapped coil). A resistor limits the center tap current into an OpAmp which reproduces the result. As you can see, the blue signal starts to reproduce the square wave but then something happens and it seems to die out. I'm trying to understand what exactly is making the square wave change shape, and what I can do to make it work more effectively. Is the JFET doing this, or does the xfmr have too much load? Here is the picture.

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