The 4x is an excellent small speaker. The sealer mentioned comes with a small brush to apply it. Apply one thin coat, then wait for a couple hours. These are not a completely sealed design, as the woofer dust cap allows some air to pass through it, but after the sealer has set for several hours, gently push the woofer cone inward, and let go. If is returns slowly, then no more sealer is needed on the surrounds. If the cone pops back immediately, then apply another very thin coat of the sealer. That should be all you’ll need.
Next, are the tweeters producing sound? When rotating the pot knob on the back, does the tweeter output increase and decrease smoothly, or fairly smoothly? Or does it completely drop out? The “pots” are notorious for corroding which blocks the signal to the tweeters. If this is happening, you’ll need to pull the drivers, fiberglass stuffing, and remove the pots for inspection, cleaning, or replacement if badly corroded. Lots of info on AK about this.
Thirdly, you’ll most likely want to replace the caps on the crossovers. Generally, age has caused them to drift out of spec. When I had mine, fortunately they sounded great and didn't feel I needed to do this, but most of the time vintage speakers benefit with a recap.
Just putting this all out there for you to be aware of, which is very common with vintage ARs.