Wow, I can see why the question of painting it, or going to the chrome underneath. That is a lot of flaking paint, as you very well know. good luck on making the decision, when you do the build up you should post a thread about your work, here.
Bill
__________________
Semper Fi, USMC, 1975-1977
I Can Do All Things Through Him, Who Gives Me Strength. Philippians 4:13