Here's the reason for my vote (try to fix the 1.8 ) :...Re-capping is not for the faint of heart, sure, so it's up to you. But aren't the problem caps on the G5 iMacs a relatively small number of relatively large caps?
THe 1.8GHZ does not have bad caps (anymore, they were replaced by apple, but yes, they are quite large). The only problem with it is that it was Kernel panicking, which i have not yet been able to make it do. i think that the culprit would more likely be a failing hdd (it is on it's first one) than a logic board issue, b/c the caps look great.
I assume the parts you would want out of the dead one are the RAM, Superdrive and power supply? Considering the working one is faster anyway, I can understand you wanting to put your effort into that one. But if you manage to revive the dead'un, then you have a spare in case anything dies on the good one.
While it does have a superdrive, the drive refuses to read my DVD+R disks, the only DVDs i have (the combo drive reads them fine). I think I will pull the ram, and replace the 2x 512 in the faster imac with 1x 512 and 1x 1gb, and then put 2x 512 in the slower one (I found 2x512 for the imac when I was looking through a bag of ram). THe rest I am not gonna change, although I might replace the harddrive in the 1.8 if i get more kernel panics (right now i'm gonna zero fill it and reinstall leopard)