Spent some time going over the innards of the MFJ-207 antenna analyzer I picked up and doing some research to figure out what kind of rotary switch I'll need to replace the existing messed up one with. I think I've found the correct replacement switch (a Lorlin CK1025 rotary switch).
Everything else inside looks in decent shape as far as I can tell. I haven't tried to test all the individual components yet. No leaky/bulgy capacitors or burn marks and all the soldered connections seem solid. Aside from the rotary switch I'm not seeing anything else wrong with it.
Now to go over the MFJ-208. I don't know if I'll be able to find a variable plate capacitor to replace the existing one, but I might be able to fix it up so that it works the way it should.