Old Muntz TV for sale Locally to me, Should I pick it up?

[Electronic M]

It is super obvious. You shouldn't have to ask. One or more of the lytics is almost certainly shorted.

Most sets made before the mid 60s will not work or eventually kill themselves if all the lytics and paper caps are not changed.
The only reason to power up before a recap is on the off chance it works you have a baseline to see if you make a mistake and add a new problem when you recap it immediately after.