Apparently not
Complete and utter nonsense - the reason electrolytic capacitors fail (which is by
FAR the most common failure in electronics) is the use of sub-standard capacitors during manufacture to reduce costs. For example, the electrolytic capacitors Samsung used in the Sky+HD boxes they built for Thomson, and in their TV's of the same period, had a design life of only 9 months at the temperature they were run at. Needless to say, failure rates were huge, and while still under warranty their TV's no longer had spares available.
Incidentally, I see nothing wrong with the bottom of the PCB above, the excess flux around larger items is quite normal for boards from that period, and of no consequence.