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Could have been releasing steam more than smoke.
I doubt than one of those wax paper caps are good. And those electrolytics on the bottom right are probably leaking as well.
It would be better in a lot of ways to change all those caps as they are going to need to be done if you want any kind of reliabilty out of the tv, and furthermore they are likely to send you on a wild goose chase dignosing the probems.
I've had many sets that run ok with the old caps in place for the first 5 or 10 minutes and then everything starts to fail , the vertical starts to shrink, or the high voltage and horizontal drops or completely quits working. It's easier to change all of these and you have a fresh start and you have the caps out of the way of potential problems.
Plus it can simplify diagnosing a set because you won't have multiple issues caused by bad capacitors. This is especially important when you are new to tv's.
The last thing you want is to cook a transformer or a IF can or the flyback, as these can be the hardest parts to get ahold of .
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