I tried this mod. I used 47 pF surface mount capacitors and used capacitance and voltage ratings for the electrolytic caps as described in this thread.
I tested the board with a friend who is an Electronics Engineer. With multimeter in hand, we actually de-soldered and re-soldered a few caps thinking that we had a solder bridge. (I'm ok at soldering but not the best.) After everything looked good, I put the riser into a known working system with a known working PCI graphics card.
The result:
The attachment burned_motherboard.jpg is no longer available
The board caught fire. The flames were probably about 2-3 cm high. High enough that the flames scorched the parallel port connector, as you can see in the picture. I was able to blow out the fire before anything worse happened. I shouldn't have powered this device on while it was laying on a carpeted floor! Luckily, there was no further damage beyond the machine.
I don't know what the cause of the fire was. Likely, it was a faulty job on my part but given the oversight of an EE, I'm not sure. Just wanted to post this here to warn others to be careful. If you do this mod, at least consider powering the system on somewhere safer, like a garage.