I repainted both of my conversions. One is an older Univega (c. 79-80) that had a great looking paint job, the other a late 80s Schwinn with a once great paint job that was pretty scratched up by the time it got to me.

For the most part, I wish I'd kept the original paint on the Univega. It was in such great shape, and all of the components were original. It was a total noob mistake. I look at some of the rides in C&V and remember what mine was - even the saddle was original. It's a great bike now, and I'm glad I have it for what it is, but I really wish I'd left it alone.

Customizing your bike is part of the fun, but ride it for a while, and see how you feel after a month or so. Don't want this to be a hasty decision.

Sorry to ramble, but I hope that helps.