My only issues concerning a repaint is some one taking a bike like this and sinking money and effort into a paint job thinking they can add $XXX.00s to the value of the then restored bike.
My other big issue is people who knowingly or unknowingly, surely with the best intentions, repaint a bike and fail to put the correct decals and frame stickers back on thereby losing the identity of the bike.
If the frame needs a repaint and it is for personal pleasure not perceived increase in value then go for it.
__________________
“One morning you wake up, the girl is gone, the bikes are gone, all that's left behind is a pair of old tires and a tube of tubular glue, all squeezed out"
Sugar "Kane" Kowalczyk