[John Bartley]

I guess as usual I will be the odd man out .... and I would caution you strongly ....

Do NOT change all the capacitors and/or resistors at once unless you are an experienced hand at tube radio repairs.

I DO recommend replacing the power supply capacitors (there are only three as I can find on the schematic) and also check / carefully replace rotted wiring that will cause an immediate problem. (not all rotted wiring will cause a problem if the set is test run carefully) The rest of the dry/rotted/etc wiring can be replaced during the post test-run overhaul as needed.

Following the step above, I recommend a careful test run so that you can identify and repair "problems" before you start replacing parts. Not much point doing wholesale cap replacement "first" if it needs a power transformer or speaker or ..... who knows?

Finally .... the reason I do NOT recommend wholesale parts replacement is because invariably a newcomer will make a replacement error. If you don't stop to test the set after each part replacement, you will not know where you made your mistake. That's when you learn to trouble shoot .... lol

As always ..... there are no rules, just suggestions by people with differing experience and knowledge, so choose whatever approach makes you most comfortable.

cheers