That is a nice survivor, why paint it now? I'd just do a sympathetic resto and ride it, any vehicle however small or seemingly insignificant is only original once! Bought my almost 7yr old daughter an original Bird Wren that was mostly complete but runs damn good, I put some foam and some scrap red velvet on the board and built a chainguard from scrap steel building studs and she rides the hell out of it. It'
ll remain the same for a couple of years then We'll restore it!