I find it odd that the spike is aborting when there is still developing buds at the tip. This type of paphiopedilum can bloom for over a year on the same spike. could be that the plant decided to take a break. I am not sure.
Regarding the browning of leaves, it sounds like a disease of some sort, but not too uncommon.
For the first few years of growing paphs, I thought paphs had no diseases as mine all grew fine with not a single blemish. I kept buying more and more, and then I saw some ugly stuff at certain stores.
The most common problems I see on paphs are the browning patches that just break out anywhere on the leaf. I too amputate the affected area and usually that is the end of the problem.
I do have two maudiae type hybrids that the browning kept coming back on a few leaves and had to trim them all. This was ongoing for a period of over one year.
I finally decided to dump out one of them as I have some plants with similar or better flowers compared to that one. I just wanted to avoid any potential spread.
The other one is still with me. Last time I had to trim a leaf due to browning was over 6months ago, and I have not seen the same issues recurring on the plant, so I am keeping it for now.
Another issue I have seen is the brown spots. This one seems to spread within one plant quite fast.
I sprayed sulfur based fungicide, but it also seems to weaken the plant as well.
I had three that are affected. I pitched two badly affected ones, also I did not care too much for their flowers, which made it easier to toss.
I have one that is sort of recovering, but the dreaded spots are coming back in almost one year! I will spray once more this week. If I see it again, toss.
I have many paphs and only less than 10 plant had any issues. so with good care, plants will be able to fight off pathogens and stay healthy.
Some that do pick up diseases, you can first trim the leaf like you have, then just hope for the best.
It seems that recurring problems usually means plants are somehow weak and plants seldom recover.
Time to pitch and go shopping.
Yours looks like its got some big chunks of leaves removed while the new fans seems unaffected.
Keep an eye on it for any return of the browning.
I wish you all the best.
I really hate seeing diseases eating up my paphs.