Some of thermaltake's fans are junk that wear out quick. If that's the problem, you might try lubing them and/or replacing them. If it is only a matter of wanting lower RPM because that's quieter, replacing the fans won't gain you anything as you have essentially same situation with newer fans of lower RPM as you have with the original fans at lower RPM, presuming you are targeting the same RPM.
Reducing fan RPM too much can definitely lead to a hot running PSU which is not good over the longer term, but you may be able to safely reduce the fan speed some rather than a lot. The easiest way to do so would be to put a series resistor on the fans positive lead, something like a 2W 47 to 68Ohm per each fan.
If this PSU has a thermal fan control circuit in it, and you can tell it does respond well to changes in temp instead of being pretty dumb (miscalibrated) such that it doesn't change speed much within your regular usage (temp zone) even with the side panel off the case, then you might consider first improving the case ventilation (larger passive intake area or intake fan addition(s)) as that will not only help reduce fan speed (if it's not dumb as mentioned above) but will allow moving more air per any given PSU fan RPM.
Whether your caps would end up popping from a lower speed we can't predict any particular timeframe, nor could we predict if they'd pop anyway even if no change is made (pretty common for some mid-lower end PSU to pop caps even if left in stock configuration, BUT we dont' know how hard you are pushing this PSU, if not very heavily loaded it may do fine).