Sorry, no, not my usual area of operation. I am a mechanical engineer but spent a lot of time working in powertrain development at Land Rover then Jaguar with early fuel injection equipment that frequently did not function as intended. So when the boxes did not do what was expected you had to find out why and how to make it do what you wanted, when you wanted and it sort of happened there.
When I was a mere strap of a youth I used to mess about with old electronic equipment with my brother, looking back I wonder sometimes how we survived. Back off old TV, radio, 'gramophone' prod around with the AVO meter or the oscilloscope , plug it in and switch it on .....
What could possibly go wrong? AVO probes on the high voltage coils of the TV tube? No problem until the inevitable bang and magic smoke waft followed by the stupid grins....
Looking at the board picture there is nothing that shouts "I have died" at you but the two electrolytics do look a little swollen. Given the board is fortyish years old, changing out the caps would not be a bad thing. At that age it will have used and been designed to use leaded solder in the joints, so you will need to use this type to change them. The stuff nowadays is lead free and does not play so well with the leaded type. The circuit itself is not that complicated, a few logic ICs and a couple of voltage comparators, just busy. These days 90% of that would be contained in one IC the size of one of the LM339 units.