Did you replace the old electrolytic caps? They are bad by now for sure. Dried up and out of spec. Resistors can also wander far off spec in 40 years. I bet you have not really heard them yet.
If the caps are all film they can still be upgraded with modest cost to caps like Clarity CSA, Audience Auricap XO and Jantzen Superior Z ……Replace resistors with Mills MRA at $5.50 each.