Ooo-la-la! Triple speakers 'n all. You will enjoy the audio on this one.
It might play as-is, but I would still replace those old maroon drops, as well as the electrolytics. Those boards are really easy to work on; replacing the little caps will go quickly. When I did my
CTC-7, I found it easiest to saw the electrolytic cans above the chassis and mount the electrolytics on the bases, rather than remove the cans completely. Then you can slip the empty cans back on.
Nit: I think you're missing the little metal bezel for the fine tuning control. The cabinet only needs minor touching up, otherwise.
I need to finish my CTC-7. It works surprisingly well after basic recapping, but I haven't done any of the usual setup, much less the cabinet. Then I need to find a place in the house to put it!
Enjoy!
Phil Nelson
http://antiqueradio.org/index.html