I think in this case- it may have been a classic case of pride before a fall.
In the 1970s and 1980s- many of the new, fancy, "boutique" high-end caps, were only available in up to 400v rating- maybe 450v, if you were lucky. So, to have the "street cred" of having the "extra special" caps- a bit of a blind eye was turned to things such as peak turn-on surge voltage, what happens if the amp is plugged into an AC circuit with higher-than-normal voltage, and such. ARC certainly wasn't the only ones that did this- they absolutely pale in comparison to the amount of "voltage limit abuse" that occurred in Counterpoint amps and preamps in this era.
That is, in essence, one of the major reasons why tube gear got a reputation of being "temperamental", "dangerous" and "unreliable" in the 1980s- in essence, why tube amps of this era, not infrequently went up in showers of sparks, pops, bangs, and fire. However, once common sense was able to take the day again, and things started to more jibe with reality in terms of voltage limits (getting boutique cap manufacturers to build caps with higher voltage limits helped a lot!), in the 1990s, most tube amp manufacturers saw the errors of their vanity, and took appropriate action to correct these cap working voltage inadequacies. When using caps, of actual sufficient voltage rating, returned to being standard practice- things started to calm down and amps became reliable and rugged again- like they had generally been, back in the heyday of tube audio, in the 1950s through the early 1970s.
This is the main reason why I do NOT own any 1980s tube amps... they self-destruct to such an extent, that, like what Dave has gone through above- they are dauntingly difficult to get working, reliably. And Dave was actually lucky here- I've seen more than a few ARC and other tube amps of this era, where the circuit board was so cooked, that the through-the-board circuit leakage made it impossible to get the amp to run stably. I remember one Audio Research D75 in particular, that went through the hands of a half-dozen owners and technicians- each trying to get it to work without runaways and noise. Each of them finally came to the realization that the circuit board itself, was too far gone, from heat and component failure damage- that there was NEVER going to be a way to get it working without a complete set of new boards. And nobody was willing to pay the extraordinarily high cost of having ARC do that (it was like 70% of the cost of a comparable new amp, back then!), so the amp just went around and around, like the proverbial hot potato, for quite a few years...
Regards,
Gordon.