I think most of the work is in the cap replacement but I believe all the circuits are checked for DC leakage, bias checked etc. Some of the MC phono upgrade parts are a bit more expensive than standard and the combined MM/MC upgrade is a bit more involved than a single MM upgrade. The chap who is going to do it specialises in Audiolab/Tag equipment and has a very good reputation on audio forums for his work.
The pre/power section is also split so it can be used as a pre-amp only, a recognised audiolab procedure. I know very little about electronics so take his word on trust.