I picked up a Wavetek 116 that was sold as not working. I replaced the output ground binding post, which had broken off, and the BNC jacks which had corroded. It generates signals, although there is a noticeable ringing in the signal. I'm not sure if this is because I haven't properly terminated the output--I've just connected the output to the scope probes.
The schematics in the manual are dated around 1966. Some components seem to have date codes around 1968, although some other components seem to have date codes around 1987/88. It could be that it was refurbished or repaired sometime in the 80's.
The inside top of the case had a strip of foam to cushion the boards in place, but the foam disintegrated which is what the black dust on the boards is.
The mechanical construction is interesting. There are four hexagonal bars with grooves cutout that run from front to back which hold the boards in position.
Frequency Range: .005 Hz to 1 MHz (mine actually tops out at around 800 kHz)
Signals: Sine, Square, triangle, ramp
Manual:
http://bitsavers.informatik.uni-stuttgart.de/pdf/wavetek/112_115_116_Oct69.pdf