Memory distortion in audio components, ie resistors and capacitors, is recognised by many now. A common example that some people may be aware of is batteries. If you keep recharging a battery before it is discharged fully, it can form a "memory" whereupon it wont work any more when it reaches that point that you kept recharging it, whereas if you completely run the battery down before recharging, then it will work at all levels.
I run tube preamps where the operating voltages are quite conservative and therefore can be left on all the time.
What I am saying is that if I dont discharge the power supply completely from time to time then those power supply electrolytics will form a memory ( similar to the battery example ) as they have never been fully discharged, or even overcharged on turn on.
Another way of thinking about this cycling, is degaussing your cartridge.
And the answer is yes, I hear a freshening up of the sound when I turn off the components for a day or so.