Identify/substitute Watson capacitor values
Yes, those are the capacitances in microfarads. You can substitute two capacitors, however you would have to know the connection scheme. If you have a capacitance meter you can measure the leads and figure out which of the two is damaged (usually the capacitance drops from nominal due to the self-healing characteristic).
That is very much on the low end of the capacitance scale. You could replace the dual capacitor with 2x 1uF in series (0.5uF) and 2uF in series with 1.5uF (0.85uF). Four capacitors total. Easily available from Aliexpress.