Yup - those pesky (smelly) filter caps. Just had one blow in my Osborne a couple days ago, and then last night one blew in my TRS-80 Model III. I also have a TRS-80 Model 4 which I bought (practically for shipping) with the same problem. I did an inspection of all my other vintage computers with those caps, and all of them are cracking and likely to blow soon.
These caps are for filtering EMI. So, if you removed it entirely, the power supply should still work - at least on the Aztec power supplies I have. But, it really should be replaced, and they are relatively cheap.
Here's the details on the original cap:
Rifa PME271M610, 0.1uF Class X, 250VAC, Fo = 4.9MHz
I'm not as familiar with metallized paper caps and their classifications. Is the key feature about this cap that it's a Class X cap, so any Class X cap (0.1uF, 250VAC of course) will do? I originally tried to find the exact part, but they are hard to find in small quantities. Someone is stilling them for about $10 each on eBay - that's a rip off. But Mouser Electronics has them for about $1.50 plus shipping/min order, which may run you up to the eBay price after all.
The current replacement from Evox-Rifa (a subsidiary of Kemet) is:
Evox-Rifa Metallaized Paper cap, Part #PME271M610MR30
0.1uF 275VAC, Class X2, Fo=4.1Mhz
These are available from Mouser (
http://mouser.com) as part number PME271M610MR19T0.
The 65 watt Astec power supplies in the TRS-80 Model 4/4P also use 0.01uF Class X caps, and they are also cracking on my power supplies. Again, the replacement is:
Evox-Rifa Metalalized Paper cap, Part #PME271M510MR30
0.01uF 275VAC, Class X2, Fo=16MHz.
I have not been able to find this exact (or close) part in small quantities, but they too are available as PME271M510MR19T0.
Don't just replace this cap with any old 0.1uF cap. They meet certain regulations for safety such as not catching fire when they smoke! Replacing this with the wrong cap can burn down your vintage computer.