the main filter cap doesn't usually bulge...the container has a rubber gasket on the bottom the prongs of the cap stick through...it dries out and shrinks. the cap, no longer sealed, loses the electrolyte in it.
this is one of the other modes of failure.
by the time it fires up i'll bet that cap is running hot.
once it's running does the picture show excessive "blooming"? (picture varying in size when going from light to dark images or flashes.)