Yeah... less is more.

Free the stem, replace the stem bolt, find a suitable front brake (ideally, match the rear; but whatever). Overhaul the bearings, tighten the spokes, etc. Almost any seat post will do.

Let me know if you want a reproduction Phillips saddle; I can help you there.

Don't repaint. Get the best possible photos of all the decals. Put them out on the web.

This bike may be worth repainting with replacement decals, or maybe not. But no hurry. Get it clean, complete and rideable, then wait a while. Could be some other classic will grab your attention before you spend your money on this one, and that's fine too.