I've read a lot about recapping of vintage equipment and improvement of sound, performance, etc. And that over time capacitors dry out and don't perform like they should.
It is conceivable that these caps were once in spec, but due to age are now out of spec. My experience with non polar electrolytic (NPE) caps, such as the 3 shiny ones in your photo, has been that they are cheaply made and have sloppy tolerances. I've found that if I need two that are a given value, such as 6.8 µF, I may have to buy 10 or 20 caps, and measure each one to find two that are within 10% of that value. How do we know if all those aged NPE caps were ever the intended capacitance value when they were new? All the audio forum talk about aged NPE caps drying out and getting out of spec, makes the assumption that they once were in spec.
For new crossovers, I avoid using NPE caps for that reason. I get inexpensive metalized polypropylene (MPP) caps, not because they are "better sounding" caps, but because they almost always measure the same as their printed value. To measure them, I use a relatively inexpensive (about $45) LC meter I found on Amazon.
All drivers do work so I guess that means the caps are OK. I mean I don't know what the speakers sounded like when they were new. (I wish I did.) I do notice that the drivers might be unbalanced (poorly designed xover? damaged xover?) because I can hear small pockets in the sound that are not as strong as others. (ie I can distinctly hear each individual driver (at a distance) and not one overall (balanced) sound. Maybe my ears are overly sensitive being a musician.)
But the speakers are not close to the point where I think they're unlistenable so I think my best bet is to leave the xovers alone. I do think the xovers could probably be re-designed for a better sound.
Redesigned crossovers are a whole different matter. For that, you should find a way to have one of these L110s tested and measured. It is possible that the L110 crossovers might be improved. But this job requires someone who knows what they're doing. Read this older thread where I went through this process on some old JBL L100s with plenty of help from a knowledgeable friend.
http://forums.audioholics.com/forums/diy-corner-tips-techniques/25014-vintage-jbl-west-coast-sound-becomes-%85.html.
Where are you located? The guy who did that work, Dennis Murphy, is in Bethesda, MD.
Another thing I noticed on the N110 schematic, is the presence to two variable L pads. Do they work without generating noise (sounds like static) or cutting in and out as you turn the knob? Most of these variable L pads oxidize with age, and fail or work intermittently. You can try spraying the shafts with Caig Deoxit.
(Matching aluminum axial caps that I've found that are in-stock online at Digikey, Mouser have much larger capacitor values than original caps.)
If you replace caps while staying with the original design, be sure to maintain the capacitance values (microfarads µF). Varying ±10% from the original value in the schematic is OK. The other rating caps have is voltage, such as 100 V, which is a thermal failure rating. You can go higher, such as 250 V, without changing the function of the cap, but be aware that caps with higher voltage ratings will be physically larger and may not fit on your board in the same space as the old cap occupied.