Electrolytic caps kept fully charged will function perfectly well and not degrade!Nope. There are multiple mechanism for electrolytic capacitors to degrade. We once replaced 7 million of them.
The only way to properly test caps is to pull them all out and test with a quality tester. A cap test on a VOM is probably not adequate.
ESR increases as electrolytics age and increased ESR is never a good thing.
Electrolytic caps are rated for 1000 to 10000 hours @ maximum conditions. If operated at less than maximums, life can be doubled for every 10°C below max °C. Assuming 105°C caps and a 35°C internal temperature, that's between 125k and 1.2 million hours. Only a small percentage of the caps would be expected to have the upper limit. 1977 was more than a million hours ago, so a 40 year old amp is living on borrowed time.
If the ampzilla has never been recapped since 1977, as a technical type, I would never even turn it on without a full inspection and some critical level recappingDitto! 1977 is 40+ years and that's nearly 3 times as long as the recommended de-rated 15 years due to seal deterioration.