Thanks for all the replies so far. I don't think I really got my point across in my original post. Here's a recap:
1. The bike does not fit well (see pics below), but it is definitely rideable, and I intend to continue to ride it, for at least the foreseeable future (finances/economy being what it is). I have, however, always wanted a bike that really fits, and fits well, something I am sure you all understand.
2. I mainly want to avoid doing something boneheaded that leaves everyone (well, mainly folks in this forum) shaking their head, mumbling "What a shame".
3. The paint isn't really bad (see pics below). If funds were unlimited (shame they never are), I'd send it to Joe Bell and get it redone with the original paint, decals, etc. the way another poster did a while back. Funds being what they are, I thought it might be better to powder coat (keeping in mind point 2 above), then keep riding it until I can afford to replace it (and even after maybe), and apply the $400 to $500 savings to a new bike (or maybe leave it as is and apply the $600 toward a new bike).
4. I don't know that I'd characterize it as a "love affair" with this bike. I am very fond of it. It has always been a great ride, and it's never disappointed me. I recently got started riding again after a lengthy layoff (still unresolved foot issues keeping the rides short for now), and even after all this time, I just pumped up the tires, and took off. The shifting was still crisp and precise, handling was good, and braking was as strong as ever. As far as starting a "new romance", well, I've always admired the bikes of my youth: Colnago, Masi, Merckx, Cinelli, but I realize none of these are likely to ever appear in my garage (their geometry and mine just aren't compatible). I can, however (probably), get a bike that fits me properly, that is suited for the type of riding I intend to do, and exhibits the same type of craftsmanship that was employed "back in the day" (please don't destroy my fantasy that these frames were well built and beautiful as well).
OK, so here are some pics.
