Hemmed & hawed this for a few years with fix-converted 501 Peugeot and am glad I did not.
If I had, I most certainly would have stripped & powdercoated which would have been a mistake because it has Peugeot's fabulous '88 marque with a "Fabriqué en France" and fun colorways (white, yellow, orange, red angled striping on sparkle black), and I am now pondering a rebuild with new gravel oriented wheels/tires and might even go freehub/brakes so I can actually bomb down inclines again ;o
If you plan to un-do your fabulous factory paintjob for a more minimalist aesthetic then go for it, otherwise, I say spend time/money/energy elsewhere because you'll never notice those little bits in the saddle and they may come in handy some day!