Joined: Jan 2009
Posts: 44,338
Likes: 6,637
From: New York, NY, and High Falls, NY, USA
Bikes: 1962 Rudge Sports, 1971 Raleigh Super Course, 1971 Raleigh Pro Track, 1974 Raleigh International, 1975 Viscount Fixie, 1982 McLean, 1996 Lemond (Ti), 2002 Burley Zydeco tandem
If you really love this bike, a repaint might be justified. If you do it yourself, either it will take longer than you expect or the results will be disappointing. If you pay an expert to do it, the results will be good, but it will be very expensive.
These are really nice bikes, but they're not all that handsome in my view. It's an opportunity to give it a new look if you're not attached to the current looks. In other words, it might be an improvement. But it would be expensive, either in money or in time. I just painted a frame for myself, and I don't think I'll ever do it again.