What about my 7-Eleven Eddy Merckx?
It's an actual former Pro 7-Eleven rider's frame, I have confirmation from the factory as to when it was produced, and for whom it was produced, including paint and decal codes.
I've had it repainted as closely as possible to the original paint scheme. I had to have it repainted because the original owner had crashed it & repaired it:
I rode it for years with a mix of Campy components. Last year I pieced together enough Dura Ace 8-speed parts to satisfy myself that it's close enough to a full group. The only non-DA parts on it that could be DA are the headset (Onza Mongo UFO), hubs (600 Ultegra), bottom bracket (600 Ultegra), pedals (Onza HO or Look Carbon, depending on mood), and seat post (American Classic). At a quick glance, the average cyclist would think it's original. I don't care that it's not, and don't purport it to be.
So what I've done couldn't be considered Conservation, because I had it repainted. The frame/forks were given to me as shown in the pics, there was a DA headset on it, but I don't know what's become of that. Any parts that are on it I had to add, as it wasn't rideable as is.
It also couldn't be considered a Restoration. When it was repainted, I was only able to get the Merckx decals. I couldn't get the Wolber/Columbus/7-Eleven/Rider Name decals. I also didn't put a complete DA group on it.
It's also not a Reproduction, as the frame is actually a Team 7-Eleven frame. I suppose it'd be like buying the body & chassis to an original Shelby Cobra that was wrecked, and getting the body work repaired and then installing the correct engine, with a different exhaust & wheels than came stock. It's still a Shelby Cobra, it's just not like it came from the factory, and it's not a reproduction.
I suppose it could be a Refurbishment. Like CMC SanDiego said above, I wanted to make it rideable, and didn't care that the parts weren't original.