Old phono pre- amp amplifier Vs modern separate phono pre- amps

Hi guys,
Would it make sense to purchase an old pre-amp that has two phono outputs and upgrade the caps etc that are in the signal path or buy a dedicated phone pre-amp that can take to inputs for mm?

Pre- amp I have in mind is the Nicco TRM 500/600/700 series that would feed a Dynaco St70 valve amp and also a marantz pm 6004 amp & cd player by beens of a speaker selector switch.

Answer and recommendations would be gratefully appreciated.