A new set of bearings, a $4-$7 capacitor, and with a little effort the grinder should be good for maybe 5-10+ years of maintenance-free operation. Whether repairing/servicing equipment for myself or for a friend, I'd put more value in reliability than saving a few bucks and waiting for an already stressed, used capacitor to fail. I wouldn't want to hear that the friend had scrapped the potentially very good grinder, and replaced it with a POS from HF/sears/other.
In the OP's instance, the new cap is good for him as a fixer-type guy and seller, good for the buyer, and good for the economy.. so I can't see the captastrophy here.
FWIW, ESR meters are an indispensable troubleshooting aid for switchmode power supplies and various other types of electronic gear, but they don't provide a complete evaluation of caps. They're especially useful in that they can be used to check caps in-circuit for a basic, quick "likely good" or "questionable-test further to determine" checks. Out-of-circuit readings are much more reliable, and can indicate "definitely bad" on the excessive readings. I'm aware of the stresses that caps are subjected to in SMPSs. The typical low voltage circuit of an ESR meter can't apply the rated working voltage to the cap, as a Leakage tester does.
It' not as though the grinder repair would include $70 worth of caps, or a repair kit, to replace "shotgun" all the caps in a piece of video equipment, furchristsake.
Good luck finding specs for the cap in an aged machine motor, or a cap that's only marked with an in-house stock number.. but the point in looking escapes me. The acceptable ESR for an AC cap that was possibly manufactured with a
20-30% tolerance on the cap's value, isn't likely to be very specific.Currently produced components products' specs are readily available, and I've referred to Panasonic, Nichicon and others literature from time to time.. not the same as looking for a missing cap's specs when all I've had is a GE motor's stock number for a fairly new motor.
An ESR meter reading of 3.2 or 7 ohms for an AC cap doesn't mean anything if the person interpreting the reading doesn't have experience with AC caps for that particular application. I've worked from the EIA charts regarding capacitor test parameters. They're essentially basic guidelines.
You're not the only one that's kept lists of test results of new components and marked packages of incoming new stock, and rechecked parts before installing them. You're not the unique special snowflake that grandma said you were (altered movie reference).