
There is not much to check and replace here. Besides the obvious big resistor, you have two areas looking crusty-ish.
Check all these small resistors.
D6 (or D5) looks bad.
20 years is time to take the caps off, and check the ESR. Replace all caps with same values bigger voltage, though make sure to check ESR.
Check and replace if needed all 4 heat sinked regulators.
Check and replace all 3, 8 leggies. You just pull up data sheep and see what voltages should be there.
Check and replace all 3, 6 leggies.
Make sure your oscillator is oscillating.
That's pretty much it.
If you not sure what to replace, replace everything. The only thing is to check that new caps are good.

Look, on my 2703A+ there was an actual power board in the back and it had two fuses. The controller, here you have something that looks like a controller, that was in the front, was okey. Maybe you have another board in the back, to where power from transformer connects to. Look for board with two fuses on it. If the station shows 89C and temp is not rising, usually it's those fuses.