[radiorich]

Hello mike,
First all you are correct about replacing the capacitors. there are 3 types in that radio, and you need to only worry about the Electrolytic Capacitors and the Paper Coupling capacitors and far as the resistors just worry about the ones that are off value.
 
Here is a small list of tools you will need to do the repairs.
1. Multimeter digital meters are so cheap and easy to find 
2. soldering iron and soldering gun 
3. solder braid and Solder sucker 
4. solder and make sure you buy solder for electronics not for plumbing.
5. Dim bulb tester very easy to build. 
6. tube tester either your own or maybe you are lucky and will find a someone that lives in your area there lots of clubs and people all over the country.
 


7. Schematic Diagram -  http://www.nostalgiaair.org/pagesbymodel...013614.pdf

8 hand tools like small wire cutters and needle nose pliers  
Here is a list of clubs http://www.antiqueradio.com/clublist.html