Coming back to this. There's no snubber present at the power switch or the rear panel AC outlets. It always remains a possibility that somebody removed them. I didn't check my other receiver for that yet, because it's the daily driver
Yesterday I had time to recap the FM multiplex board P300. It was a sort of challenge, but it was definitely worth it. Removing 4 posts (I think these were J307, J310, J302 and J317) gave enough play to lift the board up high enough to access the solder points.
Basically all of the caps were drifted ~ 40% off the spec and similar fashion drifts found at P200 board.
Also removed the dial plate. Vellum is discoloured as expected. Been working on removing the paper bits and glue from the plate edges. It's pretty good now, but some stickiness remain yet. I have used only water, soap and fingernails so far.
Placed order on set of new cool white LEDs among double-sided tape and I'm waiting them to be delivered on next week.
Meanwhile I should decide if I want to use leds or just regulars for indicator lamps. However I stumbled upon some posts saying at least certain type of leds for stereo lamp needs a resistor not to cause damage to the chip behind the lamp.
So my local supplier have regular lamps 10V 40ma Bi-pins, 8V 60ma for dial pointer and 14V 40ma (stereo) in stock. I wonder if these would be suitable and if they're bright enough?
Also leds would be alright for me, but it's essential to know what kind of leds can be installed without risking the chip.