Opinions re: debugging/repairing Cambridge Audio 540A amp stage


Hey! My old Cambridge Audio 540A has seen better days. It's been acting up recently. I'm interested in fixing it up myself if I can, but I'm looking for opinions on where to start.

Symptoms: speaker output on *any* channel (L/R, A and B) can drop instantly from the correct level to partial (including zero output). It does not happen consistently: on some audio streams, it seems more stable, but I have no way to reproduce reliably. The drop is instantaneous, not a slow shift. I can reset the audio levels if I switch input selector and back, until it happens again. If I do nothing, sometimes the audio will click back into place on its own.

This can happen on any input. Multimeter suggests that the voltage on the output drops when the audio drops; I don't suspect an issue with the speakers, but I don't have spares to test with. Headphone output is always perfect. My suspicion has been the amp stage in the 540A.

This is not a new unit, and so I popped the top off. My first suspicion was the big capacitors, because of age and the gunk they'd deposited on the board: https://i.imgur.com/u0Qnj8O.jpg  So I've cleaned those and replaced them. The problem persists, but I didn't have replacements to hand for the smaller capacitors.

I'm feeling my way around as I go; I have a copy of the service manual so I can decipher things, but I'm looking for good approaches to debugging these units to home in on the problem.

Note, obviously I can replace this unit easily. But if I can fix it, I'll feel happier, and I'm also happy to get my hands dirty. I'd appreciate pointers from folks on what to attack!
sodsto
That stuff looks like the glue manufacturers typically use to hold big caps on to avoid straining the leads. 
I'd suspect it's tripping the protection feature, but I find it odd that it doesn't consistently zero the volume. The easy way of testing the output without another pair of speakers is with a dummy load. You can build one or two fairly cheaply. The first thing to check is the DC offset by just putting a volt meter on the output while idling, no source or signal. Ideally it should be zero. If it's more than 25mV you probably have an issue in the output. The next thing to look at would be bias. After that I'd start hunting for leaking caps. And by leaking I mean electrically leaking caps. You're note going to be testing leakage with a DMM though, but leaky caps typically measure above their capacitance rating which you can check with a DMM. Usually you need to remove them to measure them. If it's a blocking cap you should read no voltage across it at idle. Also carefully feel around for unusual heat. Nothing in there should be getting so hot you can't touch it. If you can't touch something for at least 5 seconds it's way too hot. 
Another possibility is the volume control itself has an issue. I'm assuming it uses an encoder for the control. The encoder could be going bad, or there may be a power issue in the volume control circuit. 
I'm not expert, but I have fixed a few things and built a thing. Hopefully somebody else can tell you more. This stuff is just where I'd start. 
I own a 540A which i am using in a secondary system. I believe it was manufactured in 2004, I bought it used here on AG for $150 shipped to my door.
It is probably worth that today. 

Given the above, if something like what you are experiencing happens to this amp I would be inclined to open it up and look for obvious things however not invest to much time or expense trying to repair. Your amp could easily be replaced via the used integrated market at less expense than a repair and you could own a newer integrated. Just my thoughts.

Good luck which ever way your proceed.
 
Thanks for your responses!

Without doing anything significant today: if the gunk on the board was glue, it was no longer adhesive. It flaked away when I scraped it; only the solder held those old capacitors in place. Also, if the system's protection feature clips the audio, it never triggers the flashing light that should tell me it hit a failure mode. Also, the system doesn't appear to be super warm; one of the heatsinks accumulates a good amount of heat, but that's where it should go anyway. It's not warm enough that I'm concerned. I don't suspect the volume control since audio via the headphone jack is always perfect.

And yes, I could pick up even a new low-end CA amp to replace this and be quite happy.

But, this amp has been so good that if I could nail down (easily) what's wrong, it'd be great to fix it. I'm more used to electronics boards with chips, though; CA's wiring is a bit of a riot. And since some of the voltages via the amp stage are nontrivial, I'm definitely not poking anything I'm not sure about.