Tom,
Unlike amps/receivers, etc. with active electronics, capacitors in speaker crossover networks rarely fail catastrophically. They typically drift over time. How much and how fast the drift depends on the quality of the original parts, operating and environmental conditions.
So, don't expect any "a ha" moment when your speakers suddenly stop working or start sounding noticeably worse than they did the day before. The caps typically drift so slowly, you don't even notice it, until you do a recap and things suddenly sound better.
The caps in your L300 Summits are now over 40 years old. The caps JBL used were high quality for the time, but are nothing special by today's standards. I've recapped many smaller JBLs, and to my ears, they always sounded better after the recap. In the case of the smaller speakers, the crossovers are simpler, replacement parts are cheaper and the labor involved is minimal (compared to building a pair of L300 crossovers from scratch). So, I generally do them as a matter of course when I have the woofers pulled for replacing the deteriorated foam surrounds. Gives me something to do while the glue dries and I have easy access to the crossovers.
Unfortunately, with the L300 Crossovers potted in wax, a simple recap becomes more time consuming. You have multiple options:
- Just leave them as they are and be content that even if the caps have drifted the speakers still sound good to your ears.
- Replace the easily accessible caps - fortunately, the easily accessible caps are the ones in the tweeter and midrange circuits. These are more crucial to sound quality than the woofer shunt caps that are potted in the wax. This would be quick easy and relatively inexpensive. Low hanging fruit.
- Melt the wax and do a complete rebuild of the existing crossovers.
- Make some new crossover based on the original design.
- Make some new crossovers based on the Nelson Pass design. If you're contemplating going this route, I suggest you read the PDF in the link I provided in my first reply. Nelson Pass is a well respected audio engineer. He knows his stuff. Even if you don't end up going this route, as an L300 owner, it's worth reading his report just to fully understand your options.
As you move down this list, the cost of parts and time/effort involved increases.