So many things to say!
I think the white vinyl is ugly, but it's not my cabinet.
Yes, the grill cloth has been replaced. That's Fender grill cloth. It's very similar, but, IIRC, Sunn never had the blue lines that your cloth has.
The drivers have also been replaced. AFAIK, Sunn never used Altec drivers. But the Altec 418B is a superb driver, every bit as good as the JBLs of the era.
As for the cabinet impedance, it would appear to be 4 ohms. The Altecs are 8 ohm drivers (at least, that's what it says on the back), and the pictures show that they are wired in parallel. That gives you a 4 ohm load. I don't know how that would work with your Fender.
A quick and dirty way to find out if the drivers work is to take a 9V battery and touch it to the terminals. If you hear a pop, then the driver works, at least somewhat. There could still be problems, but it will make sound. Easy way to do this with what you have is to plug a speaker cord into the jack and touch the battery to the other end of the cord. Try to see that both cones move when you do, and that they move in the same direction. These are efficient drivers, so the pop should be pretty loud.