For anyone restoring AR speakers with the original wax wrapped caps who is debating whether or not to replace them, the answer is emphatically YES.
Here's an example from a set of AR6 I am working on. The original spec 10uf cap measures a whopping 13.8uf. 38% off spec. A higher value indicates a lower filtering frequency. Lo! and behold! One of the tweeters was blown in this set....Why? Most likely because the filtering caps were ineffective after 50 years. (Luckily, I have replacement AR6 tweeters kicking around.)
I have worked on dozens of AR speakers, every wax cap I have measured is 20-100% out of spec. Toss them in the bin!
Lesson Summary: Replace your caps!
Here's an example from a set of AR6 I am working on. The original spec 10uf cap measures a whopping 13.8uf. 38% off spec. A higher value indicates a lower filtering frequency. Lo! and behold! One of the tweeters was blown in this set....Why? Most likely because the filtering caps were ineffective after 50 years. (Luckily, I have replacement AR6 tweeters kicking around.)
I have worked on dozens of AR speakers, every wax cap I have measured is 20-100% out of spec. Toss them in the bin!
Lesson Summary: Replace your caps!