This wasn't ever an issue before about 20 years ago when eBay and the internet in general made importing stereos from abroad common. Back then, models that had different power requirements and specifications stayed in the country or region for which that product was intended. Now, we have all kinds of power input specs from 100V, 110V, 120V and 220/240V because stuff is coming from everywhere else but never intending to be used here. Essentially if you feed more voltage than what was intended, you will end up with more voltage to the circuitry. Anyone who's ever read a component datasheet for the amp modules knows that the power output that the chips are capable of increases with higher voltage (up to a point, before they go poof). Take for example the amp chip of the M70, the AN7145k (H). On the (H) chip only, the datasheet says absolute maximum is 24v (WITH NO SIGNAL). For the non-H chip, the datasheet says 20V operating voltage is max.
There is a fallacy that certain versions of the same boombox is more powerful (louder). This is true if you plug the boombox into higher voltage than it was intended for. If you plug the victor boombox (100v) into 120v, you'll get even more volume but it's not true that it's any more powerful, only that you are over-powering the unit. Now, if these things didn't blow up at that voltage, you'll get really loud boombox if you plug a 120v unit into 240v, but usually, if it even emits any sound at all, it might be nothing more than a peep before it emits smoke.
Now, if you go and measure the output at the M70 power supply (proper version for the region) when plugged in, I'll bet you'll find about ~18.5 volts +/- with no load which should drop with a load since the power supply for the amp module is unregulated. However, if we take the equation 120/110=1.09, that tells us that this boombox will experience 9% greater voltage from the transformer mismatch (to the mains). This boombox which normally has (18.5V) at the outputs of the PS when plugged into 110v will now see 20.18V if plugged into 120v. If your boombox has even more than 18.5v normally, you could begin to live dangerously. The components at greatest risk of overvoltage is probably the amp chips and the capacitors in that unregulated rails. In fact, there is another thread right now which stated his GF-9000 boombox, a 120v version was overpowered by 240v. Unquestionably in that case, the amp chips likely has fried. Much of a boombox circuitry is protected by voltage regulators so they possibly might survive, but if you double the voltage, forget it, something gonna go.
In short, is this 110v unit in trouble by plugging into 120v? Maybe, not, it's a 9% increase in voltage, and it's still likely barely within range of the component max, but it's on the fringe of recommended operating voltage. And it's not just the amp chips. Even the regulators will be stressed more because these regulators produce heat based on how much voltage is dropped. Ok, it's not really voltage that regulators are typically rated at, it's usually in watts sinked but there is a relationship. For example, if a tuner circuit requires 8v and the normal circuit voltage is 15v, the regulator will "sink" 7v. 7V x current consumed = watts, which is converted to heat. If the circuit voltage is 18v instead, it is now sinking 10v, which will result in greater watts (or heat generated). This introduces stress into the regulator and at higher voltages, at some point, the amount of heat generated will cause the regulator to fail unless heat management is taken into consideration (such as heat sinks, fans, etc). The problem is that whether or not any of these techniques are utilized depends on the original design, and in every case, the design will be for the power normal for that region.
So ideally, power your boomboxes using the proper voltage and if it's slightly off, use the boombox in moderation or retrofit the power supply to supply the proper output voltage.