Here is a handy chart to estimate the psu wattage you need:
PSU REQUIREMENTS - RealHardTechX
www.realhardtechx.com
For a 1060, it suggests 450w.
That said, I think I would replace the psu with a high quality replacement.
The "paper clip test" is useless; It can only confirm a dead psu, but says nothing about proper operation.
80+ means nothing about quality; it is a measure of efficiency only.
Corsair VX550 was never considered as a quality unit. Tier 5/6 on this list:
Credit to @Starelementpokeand @Energycore for helping out with this long-awaited refresh of the old PSU tier list by Aniallation (who previously went several months without logging in), leaving the old list in need of help. This is simply an update of the list that was flawed in creation by the P...
linustechtips.com
If/when you buy a replacement, buy a unit strong enough to handle a likely future graphics card upgrade.
An overly strong psu will only use the power demanded of it, regardless of the max capbility.
A good way to estimate quality is to look at the warranty. 7 years or more will usually be good.
5 years as an absolute minimum.