when do you replace capacitors?


I have read that capacitors last around 20 years. So, do you just have caps replaced as they go bad, or at what point do you replace all the caps in an amp? Do resistors or other parts (other than tubes) degrade, so replacing caps will just lead to some other failure? Is it like trying to keep an old car running?

Asking because I still enjoy the tube amp (Baron) I've had for 16 years. Not the best, but American made, still supported by Mesa, and I am not convinced that newer is better re: tube amps, or at least, not within semi-rational budgetary constraints. Equivalent performance from new production could cost dearly.
128x128lloydc
A qualified technician can apply a variac and reform the caps over time if they have been sitting for awhile. However, the tech must first inspect the caps to see if leakage has occured. Caps can be different. There are paper caps, oil filled caps, etc. So, they will age and fail differently. This is why the best caps are stupidly expensive vs. cheaper caps. Personally, for a device that has sat unused for many years, I would apply a variac and slowly bring up the voltage over a period of days to reform the caps and see if some other component has failed. If everything is okay, I would not change the caps unless they are leaking or won't reform. Also, another area people absolutely don't know about or forget is that power transistors typically use silicon transistor heat sink grease between the transistor insulator and the heat sinks. This grease definitely hardens and fails over time and for older amps is the main reason (other than the owner switching interconnect or speaker cables without turning it off first) why amps blow. For a really nice older amp, I typically will test all the pre-driver and output driver transitors, see if they are within spec and if not replace them (or replace them on general principle with newer more linear transistors) and absolutely replace the silicon grease. Of course I am an Electrical Engineer and also work on amps/components and upgrade them all the time. However, a good technician can do this also. Again, if you manage to grab a Mark Levinson ML3, 23.5, Bedini, etc. amps absolutely check the caps and change the silicon grease. But, if the caps reform and aren't leaking, I wouln't replace them just yet.

enjoy.
Post removed 
The silicon grease will dry out and causes the transistor body to come into direct contact with the heat sink and shorts out the transistor and may cause a cascade effect with the other output drivers. For TO3 type metal can transistors there is a rubber or mica, or really cheap plastic insulator between the transistor and the heat sink and silicon insulating grease is applied between the device and the heat sink. the cheap insulators will crack causing a short to the heat sink also. So, I typically take all the output drivers off and replace them with more linear better transistors and replace the insulators and the silicon grease, check the capacitors for signs of leakage and replace if necessary. More detailed upgrades can turn a very good amp into a really great amp.

enjoy
Minorl, what thermal silicon grease would you recommend best for this application? Would Tech Spray 1977-DP be a good choice?

Thank You