IMHO if you want the scope fluffed up to enjoy it, go for it. I had one just like it on my Rem 700 for over 35 years, held zero and wasn't fogged, but as you say it was starting to yellow and low-light transmission was getting to be a real factor with my getting older eyes.
If it makes you feel any better, I sold it on Ebay and got $130 for it in that condition. You could spend that money and have a fresh retro Redfield!
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