The sound of an amp won't be the same as new with 40-50 year old parts. Only with correctly functioning parts replaced to original values will the amp sound like new, and be safe to use.
This brings up a couple points that I feel are relevant. I have had the opportunity (at my tech's shop) to listen to and compare two identical receivers--one was "like new" but totally unrestored, and the other had just been totally restored--no modifications, just spec'd back to original. Same source, same speakers, same room. The difference was like night and day, with the restored unit far outperforming the "like new", but just "old" unit--both audibly and measurably.
Now this begs the question--which do YOU like better? If you like that "warm/fuzzy/
muddy" sound, and don't know or remember what a particular piece sounded like brand-new, right out of the box in 1974, you might be disappointed, because you might not like the level of clarity and detail when it is brought back to spec. I have run across this experience the most with older Sansui and Marantz owners. IMO--they don't "age" well, and just start to sound "tired" (to me), but their owners don't always appreciate the "improvement" when they are brought back to spec.
There is also (again, to me, at least) a big difference between a "restoration" and a "modification". A "restoration" addresses any issues, and uses parts of identical/equivalent values as originals. "Modification" is exactly that--changing things away from the original design (for better or worse, but it is still not "original"). In automotive circles, these are "hot-rodded", or "resto-mod" vehicles, and depending on the quality of the modifications, and preferences of the owner/buyer, may increase or
decrease the value--it can easily go either way.
Safety and reliability is a whole other "can of worms". Some things just don't "age" well. Lots of folks in the midwest learned that (the hard way) about car batteries and tires this week. "It's been running/driving fine since I bought it 5 years ago"--until the temp dropped below zero, and a few inches of snow and ice hit, and their car wouldn't start (or if it did) they were careening all over the place out of control.