CPU and PPU tested good in my spare front-loader NES and I have a solid 5v on both systems.
***
I basically spelled it out in the title. Black screen, and high-pitched whine for sound. On one of them, whatever CPU is installed starts to get hot if I leave it on, but apparently no worse for wear otherwise. The other one I had installed an NESRGB into, and was getting checkerboard-video-corruption. I figured it was just a dirty cart slot, but within a few minutes...black screen.
I don't seem to own a multimeter with a capacitance test function.