Well, had thought my radio was in perfect working condition, but I was wrong. Turns out that even with the volume turned to maximum, the output is very quite. I don't think I could hear it with the engine running. It otherwise tunes into stations just fine. I plugged in a spare radio with the same part number, into the same car with the same speaker and antenna and that radio was perhaps 100 times louder.
I chatted with Fred from Fred's classics, as well as one other company and both seem to think the radio is repairable and suggested the problem may be with the capacitors having dried up over the decades.
I have somewhat changed my mind, in that I'm not sure I want to pay for a full restoration when it's already in superb original condition (cosmetically). The cost for repair is the same, however, whether I just have the caps replaced or if they "restore" it and replace the caps.
Has anyone repaired or replaced parts in these 7TPZ radios? I just ordered the Photofacts AR-41 but don't have it in my hands yet. I'm wondering if it's always the same specific caps that need to be replaced and whether or not anyone can offer some guidance. I think I am now considering repairing it myself, or at least trying to figure out if I can, before I spend a couple hundred bucks to have it restored/repaired professionally.