Yes, we have done that many times. A typical rebuild (such that the chassis is reliable) is about $200.00. This is mostly just repairing the power supplies and making sure that the unit meets spec with good tubes, but does not include any tubes that might need replacement.
IMO its best to keep the amp as stock as possible; perhaps replace the coupling caps as an upgrade; the reason why is that the original design is quite competent except for the power rectifier system, which is handled by a single 5AR4. It should have been a pair of rectifiers. Some people replace the tube with solid state but you run into problems with too much voltage which can lead to other problems down the road- short filter cap life and possible damage to output transformers.
This issue is not addressed properly with most of the update paths I have seen- for example adding more tubes to the driver stage puts more load on the already stressed rectifier... I find that as long as the amp is not pushed hard it is very musical, so selection of the loudspeaker is important for best results. The harder you push the amp, the shorter the rectifier life will be, but it can last decades if the amp is loafing. So an efficient speaker is really helpful.
