Heathkit recon.

[ppppenguin]

40% is hardly out of tolerance for an electrolytic. If the reading is higher than nominal and you're using anything except a fully fledged bridge to measure them then what you're actually seeing is leakage. This will give a high reading on any cap, electrolytic or otherwise, when using most testers. This is beause they measure the time taken to charge or discharge a cap. If it's leaky it will take longer, just like a higher value cap.

Having said that, I would routinely change any small electrolytics as they are cheap and easy. Big smoothing cans often survive in good condition, and just need reforming.