Since those caps are designed to fail open, then the only real indication might be when the switch contacts fuse together.
Still, safety caps don't
eliminate arcing, but simply reduce it. Given enough years of power cycling the switch is bound to suffer damage eventually.
The solution is thus (for me): When I'm working on a unit that seems to have a history of switch failures (according to what I know personally and what I've read here at AK and other places on the web), I'll go ahead and replace the cap.
Something else to consider is that while a simple safety cap helps to reduce arcing, there are much better solutions. One is the Cornell Dubilier
QuenchArc device, a safety cap and series resistor in one package. The combo does the best job of killing the AC arc as quickly as possible. Only drawbacks are physical size and device cost. But if you are after the best method of prolonging switch contact life, short of simply using the power switch
to activate a relay to energize the primary circuit, this is what you'd call 'best practice'.