Are you sure you have NP electrolytics at C120, C121, C220, and/or C221? Ordinarily they would be paper or film capacitors at 50 nF. Note that "orange drop" does not specify the dielectric. The CDE/Vishay/SBE/Sprague 715P Orange Drop capacitors are polypropylene film-foil and should work in those locations. I'm not aware of NP electrolytics as small as 50 nF. Perhaps a previous owner tried to improve things by increasing the capacitance? 50 nF and 470k

give a corner frequency of 6.8 Hz, so it might make sense to increase the capacitance to, say, 220 nF, but that might affect the stability of the feedback loop and should be tried carefully. Red-plating of the EL84s could indicate excess leakage of the C120, etc. grid capacitors, or a shorted cathode bypass C134 (shown on the diagram as 40 uF (common to both pairs). You shouldn't get 50 uA of leakage on a film capacitor at below its rated voltage. The 715P datasheet shows > 2 x 10
10 
at 85 C, or < 5 nA at 100 V (20 times less leakage at 25 C).
Note the old trick of feeding the cathode current through the heaters of the preamp tubes V14 and V15 for cheap DC. A problem there could also cause red-plating by decreasing the negative bias (grid to cathode).