With the higher voltage the current demand is lower to accomplish the same power (watts). There is no need to increase the wattage to accommodate the higher voltage, and 50/60 watts should be plenty for the first test on the DBT with an SX-850. Once you've proven there is no magic smoke on a 50-60W lamp you can increase the wattage to bring up the line voltage if necessary to get the circuit voltages close to the correct levels. Since you've already tested on a 100W and resolved the heating problems, the point is somewhat moot, but for future projects starting at a lower wattage and incrementing upward is generally safer.
Since the board is already "set free" from its mountings, changing the electrolytics is probably a good idea. The SX-850 used mostly ceramic and Mylar caps on the power amp, so changing them might not provide any benefit.
However, once the power amp board is completed you might want to flip the unit over and address a couple potential issues on the underside. The phono equalizer amp has a handful of suspicious transistors to be replaced, and the power supply board should get a good inspection. The equalizer amp has two 2SX725s and four 2SC1313s which should be replaced out of habit. The 2SA725s can be replaced with Fairchild KSA992Fs and the 2SC1313s can be replaced with Fairchild KSC1845Fs. Each of those is about three shillings. The board also has electrolytics in the signal path at C1/2 and C11/12 which could be replaced. Those are 1µF and 3.3µF caps, respectively.
The power supply should at the very least have the regulator transistors loosened and get a fresh thin coating of silicon thermal compound between their tabs and heat sink mountings. The electrolytic caps on that board may show signs of heating and should be checked closely, with any suspicious parts getting replacement. The diodes may also show heating and should be checked and replaced as necessary. If the four diodes are replaced it may be advantageous to form the leads of the replacements to allow the diodes to stand off the circuit board a few mm so that cooling air can circulate around them more easily. Any browned resistors, including those in the fire sleeves, should be checked and replaced as indicated.