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I would replace those caps...you can replace the old paper filter caps with some 10 mfd. 450 v. electrolytics and get much better filtering action. There are just a few paper caps there I would replace too, and add 1-amp fuse if it doesn't have one (many of these 20's sets had a fuse holder though). You can repair brittle old wires going into a transformer with heat shrink tubing.
We have got brand new push back old-time style hookup wire we use in all our repair jobs, even on a DVD recorder! It's so convenient to use, looks good in old radio jobs, and has a modern teflon-type braid inside the cloth cover for extra protection.
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