I can't say that I've had the pleasure to listen to vintage Sherwood, but they are well known to be quality gear.
Sherwood is largely an OEM manufacturer to quite a few well known names in the industry, and unfortunately had it's own BPC period, something they have grown out of, fortunately. Their higher up models and especially anything with the Newcastle badge is really good, and in some cases truly excellent - surely a best buy considering the money. I've recently acquired one of their stereo amps, a 44# beast with two transformers and quality parts, also very well made. I've also had the pleasure to experience their 871 multi-format player - fairly typical as a DVD player, but amazing for audio (it does have a separate stereo output and an audio-only mode), considering it's an older model which can now be had for silly money. It's also eminently moddable, although most who do this leave the audio section alone, as it really works well.
Finally, they had a 5.1 pre-ceiver - power amp combo some years ago. The pre is a bit dated by todays standards, but the power amp is amazing, nearly 70# with 3 transformers and all discrete power stages - no cutting corners, well dimensioned heatsinks, full poewer into all channels simultaneously.
All in all, there is a lot of quality behind that name, it's a pity that their OEM business actually ties them down regarding their own gear as you don't want to lose contracts by your own gear being competition for the people you also make gear for.