Weird. I turned on the C28 to give a listen with the headphones and experience the same problem with the right channel.
I pulled off the top shield cover where the output levels are (headphone, bass trim, etc...) and heard the usual static as wires are moved and started moving the input levels back and forth when all of a sudden I got the right channel back.
Hooked it back up to my main system and everything works well, so I'm pretty sure its just a maintenance issue (lets see how it responds to an overnight power off)
Will get the C28 serviced when I get my MC2505 back.
Moral of stories - old electronics can drive people nuts?