No reason not to try to improve the looks of the rifle. There are a lot of info out there on how to repair gunstocks. I'd either durakote the metal or send it off to be rebelled. Spray on gun finishes are easier to apply than trying to cold blue.
Imo the rifle will only be worth what your sentimental attachment is to it. Like stated above nice rifles just not worth a lot if you decided to sell it. If you want to make it real unique change out the stock to something like this.
Richard's has one in their bargain list that will fit your rifle.