seems like one of the top-tier Falcon Merckx due to the 531 decals and decal fragments, and the chrome fork crown looks very nice, too...since you are willing to invest in replacement decals, and you say the paint is really bad, I'd vote that you get it PAINTED (not PCed) in Molteni orange and fresh decals applied so it looks original but like new. And I wouldn't do any mods on the frame that can't be reversed: SS it should be fine since you won't be scalping anything, right? I would really like to see a larger pic of the complete frame: you have to put it up on a site like Flickr or Photobucket and post a link to it, here.