Yes, Fender used two caps in parallel to double the capacitance. When the amp design for the bigger amps moved to PT's that yielded higher B+, there was a need for a higher voltage capacitor in that first stage. So, they used two caps in series in order to double the voltage capacity, There is no 'waste' of anything. These days we can buy 600VDC electrolytics that are not very large. I have a 600VDC cap that I pulled of an old Fender.....it was too big to fit under the doghouse, but its voltage rating was much more appropriate for the amp.
Old goat....I am just trying to understand. How can we think that these two caps are wired in series as the schematic calls for...and which the voltage in the circuit demands....when we see the two negative ends of those two caps tied together? I don't think the filter section is correctly wired. I suspect that the first cap is sitting there doing nothing in effect.
IF these two caps were to be in series wiring, the red wire would need to contact the positive end of one of the caps. The negative end of that cap would then have to contact the positive end of the other cap in the pair...with the negative of that cap going to ground. The negative of both of these caps is at ground. And....I suspect that the positive end of the first cap is connected to nothing more than one end of a 220K resistor which then goes to ground. So....that first cap is at ground o n both ends....and the second cap is at risk due to the voltage demands.
With the amp on a bench, it would not take long at all to ascertain what is going on there. IF my analysis is correct, one could lift that positive connection of the first cap and the amp will continue to operate as it has been....incorrectly in more than one way. First, the voltage is going to overwhelm the cap at some point, and secondly, the capacitance is too high for the rectifier tube.
I am ready to learn if my thinking is not on track here....but it just doesn't look correct from here.