Connecticut Electric
Connecticut Electric

The owner is an old friend
First impulse is to decline.
what about these newer Listed fp cbs?
Intertek ETL Listing to UL Standard 489 for US and Canada-Molded case circuit breakers
https://thd.co/2G0bgap
He has an apartment house with 10meter bank will never fit a modern meter bank in there.
Insurance wants...

The main fp fuse looks ok in the photo. I'd have to go exercise it.
Fuses are fuses. If the handle is solid, clean, tight, dry that shouldn't be an issue.
I worked for the state of california for 15 years on institutional trouble calls.
My boss was a Vietnam era Ship Commander - he liked to maintain and fix things.
now the distribution - ugly meters.
Would have to dig in there and make sure the buss aren't sparked or loose
but if they are tight, lightly loaded
no space heaters needed in the facility
& if the new breakers are really listed...
http://d163axztg8am2h.cloudfront.net/static/doc/4f/a3/398b88204df5aee0b01142ddd45d.pdf
On the other hand, the busywork in the distribution above may be tired.
You would have to take all the covers off, IR it and shake it to make sure its all tight and lightly loaded.
and most of all, listen to what the AHJ has to say.