I'm more of a rebuild guy than a restoration one; I just like to get them ridable and usually don't go overboard in making them original or period correct.
this will be my approach. I may go cloth or I may go cushy on the tape.
I think I'm looking at:
new brake pads (maybe)
Tires/tubes
and eventually a nice old leather Brooks... a pointer to ebay for decent priced (20 dollar range) older Brooks looks promising
think I'll re-grease the hubs, clean the chain, and grease it, and then see how it rides.
and of course, buff it up