I have three of these JVC receivers--a '201, a '401, and my original-from-1979, a '501.
The '201 and the '401 both have areas near capacitors that appear to my untrained eye to be leaking Brown Goo of Death. I haven't pulled the top off the '501 recently.
The '401 has the same crap around some single-transistor heat sinks, where there's no capacitor to leak in that area. So I'm not entirely surprised that this could be some kind of assembly glue. OTOH, in SOME of these areas, the parts bathing in the Brown Goo of Death are actively corroding.
I'll say this: IF (big IF) the power supply caps have leaked and are now toast...I sure can't tell by the way the receiver works. It just seems to have limitless power; especially for a 35-watt design; and the same for the '401 although the power switch should be cleaned on that one.
The '501 has been "flakey" for years. I'll have to dick with it for real, someday. Not any time soon, though.