Uh Tony, is the solid-state radio at the center of the chassis made from TWO separate circuit boards, a small one with the PLL chip, and a larger one behind it?
If not, the radio board has been changed. Makes me wonder if the original tube hookup is still connected, if that's so. The fact that you HAVE to connect the mike to get receiver audio suggests the radio board/boards are not original.
From time to time, a customer will carry in a Mark 9 or Mark 10, looking a little sheepish and shy. Like he expects someone to yell at him. Usually says something like "I'll bet you hate to see these come in the door". I'll throw him a nice, wide grin, look him in the eye, and say "No we like to see that one come in. They always cost a MINT to bring back to life. What's NOT to love ???"
That's not what he was expecting to hear, but it breaks the ice. And destroys any remaining hope that somehow it can be done "cheap". A good thing to get out of the way first.
If the radio is original, the main issue is mileage. Too bad they don't come with an odometer. A lot of wear and tear will cost more to fix than just the age issues alone. As Indiana Jones once said "It's not just the years, it's the miles, too."
Some parts, like the channel selector and digits are no longer available anywhere. Parts meant for a different brand/model can be adapted, but the cost of labor to do that is pretty high.
Installing a "real" radio at the heart of such a big, gorgeous cabinet is a whole lot like building a radio. Compare the price of a new car, off the lot, to the price your favorite mechanic would quote to take a pile of parts and build you ONE of the same model car. Yes, it can be done. You just can't make the price competitive with the labor savings of a factory assembly line. Mass production really is cheaper than custom one-up labor.
If you compare the price of a 'custom' car to the price of a factory-stock model off the dealer's lot, you'll see what I mean.
Yes, it can be done. And the word "cheap" won't come anywhere near the picture.
The other thing I'll tell the customer about that kind of proposition is that what it's "worth" is his decision. All I can advise him on is "cost".
73