[criageek]

Hi 8250bubby - I'm currently working on a 47-1230 myself (http://philcoradio.com/phorum/showthread.php?tid=16407).  I've taken tons of pictures for documentation and marked them up with notes where appropriate.  I'm new to this as well (not new to electronics...very experienced with that, but new to restoration) so I'll let others weigh in on specifics for what you need to do.  I do know that you need to replace all the paper capacitors and the electrolytics.  I ordered my caps from http://www.justradios.com.  Here's the picture I took of the bottom side of the main chassis with all the paper caps marked.  There are a couple of parts missing from this picture since I haven't put them back in yet (output transformer, bakelite caps).
   

The designators on this are from the Sam's Photofact for this unit.  You'll see them labelled differently on other schematics (Riders?).  I can send you the full size version if you'd like.

Let me know if you need any specific pictures or other info.

Rich