Electrolytics often have sure ratings that are above the constant working voltage. However, since this is often a murky area as to exact specs and reliability, it is safer to stay within the WV limit as measured or computed.
:Hi John,The rule of thumb is that when replacing electrolytics,to always use the W.V. rating(or higher) of the original.I've heard a few people say that the "bean counters" were very difficult people for the radio engineers to deal with.If they put a 500 volt capacitor in a radio when their other models used 450 volt caps.,the engineers were always asked to justify this extra expense.So,the way I see it,the 500 volt caps are probably used for a good reason.Mike