Thank you all for the input. You're most helpful.
It would appear that switches are not the only thing that went south on me. I haven't seen this amp in a while and had a false memory of it being equipped with pre-out/main-in. It has two sets of rec-out/in for recording onto a tape. So, I think it may be beyond help in the end.
I don't think it's balance. And this answer goes to
@lovinthehd and
@KenM10759 as well; sure, I tried cleaning several times. I tried myself and took it to the shop. It seems to me that as long as there's some "contact-fluid" it works and as soon as it evaporates it stops working. This is why I think that the amp section works fine.
It is this Technics (pic is not that of my unit):
View attachment 28085
It is the SU-V5 model and it gives 60 into 8, I was wrong earlier. A lot of good ideas went into this one, like the subsonic filter for the TT rumble, high filter, both MM and MC, straight DC. Rather good for the 80'. I would like to keep using it, but it would seem I'm asking too much.