While waiting for parts for the M-45 I made some progress on the C-80 (not C-85 as originally stated).
-New 4700uf filter caps are in, took a little creativity to make them fit; the caps that I chose were a little too wide to fit back to back in the main power supply section.
Finished replacing the rest of the caps, cleaned and re-greased the transistors/heatsinks. 2 resistors were corroded from the glue used for the the heatsinks so I replaced those as well out of an abundance of caution. The heatsinks were secured with M3 screws and nylon washers; the holes already exist in the bottom of the board. I can't figure out why Yamaha went with glue instead of screws here.
It looks like someone dropped this poor preamp and dented the rear corner near the power cord. Luckily, the circuit board with the extra outlets didn't break. With some gentle pounding with a hammer and block of wood I was able to straighten the panel out. Notice the voltage selector, was this a common feature? I'm guessing it might have been sold at an overseas US military exchange back in the day?
I cleaned the flux off of the boards and touched up a few rough looking solder joints; other than that everything looks to be in excellent condition.
The preamp passed the DBT, I dialed in the DC offset for the MC phono preamp and hooked it up to my CR-2020. So far it sounds great!
The signal cuts in an out on the left channel when tone bypass is selected. I'm going to try taking the switch apart since the Deoxit didn't seem to work.