I agree the paint looks pretty good except that cable guide. I might just run the cable and then put a wrap or two of cloth bartape over it (track bike style) but having it brazed off and replaced would be the 'proper' way to repair and I would think the fram can stand the heat. that is why in most peoples opinion brazed lugged frames are superior. the lower temp. nice looking frame is it a local brand I am not familiar with it.