Ive been meaning to build myself a work stand. The only thing stopping me was the lack of welding skills to fabricate a Vise/Clamp. Looking for vintage bikes on CL today, this came up. $ 20 bucks and 20 miles of driving. SCORE! The clamp works perfectly. The spring is rusted, nothing serious. The stand finish is sun baked and weathered from being stored outside. I all I need to do is clean it up and wire brush the spring. I sprayed all the pivots, hinges and spring with Corrosion X for now. Gonna mess with it tomorrow. I'm so stoked that I might restore the whole thing and repaint it.
you should just leave it as is, except for making the levers functional and springs work. lots of people have a shiny blue park in their garage, way cooler to have a workstand that's been beat in my opinion.