i agree with schwinnmesa.......you dont often find old bikes with paint in that good of condition id leave it as is but then again its yours so have at it if you want.......
if it were my bike id put the bars back on right side up. as for paint, since that bike has so much 'dressing' id find a motorcycle that looks similar and paint it to mimick that. that is such a great lookin bike, im jealous!
fast eddie outty