Great little engines and good runners, I like the overtypes like this for their small footprint and easy storage.
If you plan to operate it extensively, a total restoration made to look like new may be a bit self defeating, as it will soon be looking rather used again. A good clean-up and restoration to sound operational condition may be all you really need to do, so what's left of the old decal may be all that's needed until you decide otherwise.
You can always do a total resto later, after putting some miles on it, if that's what you finally decide you really want.