Love this bike Aaron!
Your bike is repainted but that orange (or close to this) WAS a Cinelli colour, if it was mine that would be the colour it would get painted if I refinished it. If you are going to leave it as is I would probably not refinish the badge, but since there is no paint left on it, I would if I refinished it. I have seen the badges go for almost $400 so I would keep an eye on it...
LOVE the fenders!!