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@Sig_Arlecchino
Quite a few battle scars indeed. In the photos the paint almost looks like it has some kind of marble effect in it. If it was mine, I'd try to take off the touch up paint, especially around the bottom bracket to get a better idea of the pitting underneath. After that, you could do some rust treatment to get rid of the rust and finally spray it with clearcoat to conserve it in its current state. If you're planning to change the 105 headset (personally I'm not a fan of the plastic covers), keep in mind that it has a very low stack height so you're limited in your choice of replacement headsets.