A few notes on cap failure: Typically for an electrolytic cap to have failed badly enough to stop ANY signal from passing, it needs to be dried up to the point where it is virtually empty. For example, in Neve V and VR desks that run really hot, it is not uncommon to remove 100uf caps that will read, maybe 0.1uf on a capacitance meter. On the other hand, caps that have lost even 50 -75% of their marked value will usually still pass signal, it may just sound like crap...no low end, no high end (due to very high ESR) and just generally mushy.
A few things I have noticed in handling totally dried out caps:
1) They heat up during re-work. So, for example if you have your finger on a cap, holding it in place while you de-solder it, your finger may get uncomfortably hot.
2) They feel lighter than an equivalent new cap.
3) They make a "tink-tink" sound when they are handled (like when you throw one on the pile of just removed caps).
All of the above are due to the loss of electrolyte, the fluid in the caps, which effectively makes them an empty aluminum can.