If a capacitor is swollen but still measures the correct uf is it still considered bad?
I have a fan belt in my car with visible cracking and glazing; makes noises when I start up the car but the car still goes when I hit the gas. Should I change the fan belt if it has the right length?
Silly example, but what I'm getting at is signs of present/future trouble.
A possible scenario: a developing failure in a cap may include increasing leakage current. That leakage passes through the cap's equivalent series resistance (ESR) and results in heat dissipation (according to ohm's law and the equation for power). Cap self-heating tends to lead to boiling/loss of the electrolyte, worsening leakage and possibly ESR, leading to more self-heating. Increasing leakage current may or may not be accompanied by a measurable change of capacitance (that's outside the part's original tolerance).
Most modern electrolytic caps have some form of vent for the release of any gas developed as a result of self-heating; if you're seeing bubbling, you're probably seeing evidence of excessive self-heating and future failure. So your best preventive maintenance step is to replace any electrolytic caps with bulging/bubbling.
OPINION TIME: Common Wisdom is to replace all electrolytics in a vintage amp, cause they're all destined to fail eventually. I'd tend to follow that with power supply/bias caps. Cathode bypass caps may have dried up and reduced in value, slightly shaving the bass response. I've noticed folks around here have built clones of vintage amps and desired less boominess than they get with a 1.5k cathode resistor and a 25uF bypass cap in a preamp stage. Often, 1-5uF seems to give them a sound they like. Coincidentally, this is about the range the cathode bypass caps dried up to when I measured the original parts in a '67 Princeton Reverb I used to own. You may take the view that the "dried up" values are part of the vintage sound people like, or you may decide that 25uF represents the "as-new" sound the amp originally had. Your call...
The '65 Vibrolux Reverb I'm a little afraid of. ... it is all original and I don't want to hurt the value of the amplifier by changing things that may or may not need replacing. ...
Then swap electrolytic caps, consider keeping cathode bypass caps if the tube voltages check out okay. Put any parts you take out in a bag and keep with the amp. If someone needs a museum piece, they can put the old, bad caps back in the amp.
Still consider posting tube voltages for this amp. An amp that does not turn on or makes ZERO sound is easy to troubleshoot; a few things checked will tell you what is wrong. An amp that "doesn't sound right" is harder to troubleshoot; many things could result in not-right sound. D.C. voltage measurement of all tube pins (with a.c. measurement of heater pins) is the first step to figure out a problem.