I think that in your case, you might be better off having your 8 track recapped. That's a very common practice with older pro audio gear. Since everything is X16 (record and playback), that won't be cheap, but far more affordable than starting from scratch on your record and playback amps. If you live in or near a large city, there should be one or two reel to reel techs that should be able to do this for you. One way to find them is to ask at your local Guitar Center or similar shop that sells recording equipment.
Once you find a good tech, you should think about having the entire machine checked out. Having good sounding amps in your machine is one thing, but having it pull tape and handle it correctly isn't just about being easy on your tape, it has a large effect on how your recordings will sound.