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@DFP
why do you need to change anything at all to fo with a fixed wheel?
Paint looks fine, would only worry about rust if its on the BB etc, just touch it up.
The main concern is that the bike may not be the right size for you, if you cant reach your drops even with such a short stem, you can either;
live with keeping to the tops as you have been.
Change to a flat/bullhorn handlbar.
Change to a french style dove/moustache bar to bring the whole steering higher.
Or sell up and find a different frame.
If your planning to put a fair bit of time/effort/money into a bike, its a good idea to have a frame which is the right size as you unlikeley to see that money again.