bluzdog
So far I like Chuck's solution but it takes creating a tempo map which is pretty easy: https://www.youtube.com/watch?v=M_SKmr_07Is
4 track tapes are a totally different animal compared to digital recording.
The capstan motors fluctuate in small increments so much that mapping the tempo can sometimes be a chore.
However IMO, its easier than trying to restore an old crap drum track.
Even with a song straight 120BPM's. the flux (which is also called: "Drift") can be anywhere from 0.2 to 0.7%.
Last month I rebuilt 8 songs using this method. All Drum tracks were totally replaced (creating a brand new drum track from scratch).
Tempo was mapped (some songs were easier than others) Existing tracks included Bass, Guitars and vocals.
Here is one of those projects:
https://soundcloud.com/charlie-roy/seven Once a foundation is established, layering of new tracks can be added with ease because the project lines up with the grid. In this song above, I used the original Bass, Guitars and vocals also added was Synth bass and more background Vox.