What was the question?
Was there even really a question at all?

If you were looking at buying the bike in question would it matter to you if someone prior had repainted it? If not then thers's your answer, if so then there's your answer too.

How's that for a non-answer**********

I tend to be a functional fixer and don't get too caught up in the cosmetics. I do like to see the super nice and pristine looking bikes, and I've got one or two that could be in that condition in short order. I also like to see the perfect and correct restorations but don't have one of those. But if I wanted to repaint one of my bikes, like the Quattro Assi track bike for example, I'd at least want to end up with the same quality or better of a paint job. If I wanted to repaint the LeTour I'd probably just use some rattle can paint.

Basically just do what works for you and enjoy the ride.