Never heard of "Standard Capacitor" but it sounds like a typical gimmicky name for the 40's & 50's.
Do you suspect the 1µF cap to be bad? If so, you could always pull it out & cut it open (use rubber gloves in case any goo inside is hazardous).
For its size you know it's not electrolytic. Could be metallized paper, could be a plastic film.
Well the unit is from 63, so I suspect from components drifting the values like resistors, and caps drying out, leaking, etc.
For the Resistors I'm just tracing the circuit with the schematic and measuring their value. I found some differences between the circuit and the schematic, could be due to later revisions in the schematic or in my unit, could also be production mistakes .
As for the Caps, I replaced all the Electrolytic caps already, the Filtering caps were long gone.
I left the Ceramic caps and two 1uf 400v "Standard" red colour caps (the one in the picture).
So to answer you question I don't have a particular reason at the moment to suspect this cap besides being and older unit so it's nice to be suspicious and measure everything while restoring in order to minimize future problems.
I dont have my ESR meter at the moment, but I can measure them for ESR, Capacitance and Leakage in the next days.
If this cap is Wax in Paper I would replace it in a pinch.