Don't take offense. It's just that when you turn the chassis upside down and you see modern plastic wires and components everywhere, it looks bad. When someone takes the time to rewire with new cloth wire, it looks so beautiful. Rubber insulation is currently not available unfortunately/fortunately, depending upon the way you look at it, so if you must authentically re-wire a rubber wired set, cloth would probably be a fine choice. Also, when you see all of those beautiful Zenith logos on all of the condensers, it just makes the whole thing flow together in an artistic sense. I even take the time to mold new mica units with those colored dots. Micamold and Aerovox have some of the most stunning logos. Their logos come from a time when art form and functionality worked hand in hand. Modern components may work well, but no craftsman ever took the time to make attractive casings for them. If you ever look at old parts, auto engines, home furnaces, boilers, old sinks, old water pipes and valves, old radiators, etc., you will notice that someone with an artful mind crafted them into more than just a functional piece. They have become something of beauty, which should be appreciated. The bevled edges and other markings weren't put there by accident. They come from an industrial time when people were fascinated with these new electrical and mechanical wonders. The decorative touches added to these devices made them into even more wonderful and futuristic things than they already were. This beauty is quickly being lost just like the buildings here in downtown Milwaukee which have their cornices torn off because the millionaires who own them would rather pocket the money that it would take to restore the cornice. These people are filthy rich and can afford to restore the cornices, but they don't. Many of them have nightclubs in those buildings, which, in themselves, trash the buildings. Please do not take this as my saying that you are chincing on your radios to keep money for yourself. Surely restuffing condensers costs little if anything. All I am saying is that beautiful things are being lost when you throw away the old condensers. People do not see the underside of the chassis often, but when they do, they will marvel at all of the interesting old parts. I don't know of anyone who I personally know who doesn't marvel at all of the old parts and logos found under a radio chassis.
Regarding wax melting out, you can use other items like brown wood filler putty. This can be easily removed in the event of a capacitor failure, though metalized film capacitors rarely fail. They will probably far outlast the original paper units.
Thomas