Yours to do with as you please, but here is "me".
First, I'd shoot it (if the 'smith says ok) and see how it shoots. If it shoots anywhere near decent, I'd not do anything else except 'exercise' it now and then just for fun and memories.
If the bore is so bad off that it just won't shoot at all, I'd still not do anything to alter the OUTSIDE of the gun. I'd look into getting the barrel relined. I think there are some smith out there that could do it and put it back to shooting quite well and still have the 'look'.
Good luck. You have some great firearms if only because they have some great family connections and family memories.
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