The white powder is almost certainly the oxidized, galvanized coating of the chassis (zinc oxide) and is only an esthetic issue, not a functional one.
If you did a "recap" job on a Bassman, most likely, this is will be the core requirement of getting this back to working. It's exceptionally likely you'll want to replace the 100K ohm plate resistors in the preamp section....the 3 watt metal film ones Doug sells are ideal for this.
The same (humidity, typically) conditions that caused the chassis oxidation will very likely give you some problems with regard to the tube socket pins and possibly the pots (controls) Myself, I would start with the least invasive techniques and see where that gets you. Maybe you can get away with pulling out the tubes and pushing them in and out of the sockets several times with no chemical assistance. Always nice to use a known dead tube for this in case you bend some pins with fat fingers. If you want to go farther, spray each socket with a slight blast of DeOxit (and use REAL DeOxit, expensive, not just "tuner cleaner" (cheap). I prefer to avoid tweaking the metal pieces that make up the contacts....but sometimes this cannot be avoided. You have to be really, really careful with that. The pots probably need DeOxit...and ultimately, you may have to replace the 1/4" input jacks. I find when these get past a certain age/corrosion point, they are noisemakers that will not leave you alone.
That is the basic order of attack. You're just gonna have to go as far as you need to go to get it flying. At some point, you may hit some kind of self-imposed brick wall, such as having to replace the tube sockets or rewire some or all the interconnect wires from parts board to tube pins. And at such a point, it will stop being "all original except for cap job" and start to be "rebuilt" which may impact its market value.
Platefire had a thread which is very recent (so should be easily findable) where he found a basket case Pro Reverb and rescued it.
http://el34world.com/Forum/index.php?topic=16446.0 His parts board was in equivalent or worse shape than yours and he got it going without too much misery. You'll probably get some add'l tips there. Keep us posted on your progress and ask questions before you embark on some wild idea...all of this has been done before.