Well it's yours to do with as you please, but it just shows what a broad church this is if you sacrifice the originality of that paint job. To me, the originality of the paint is a big part of the value of a classic bike, and to lose it is to lose something precious. Those immaculate badges were applied in the Rocky Mountain factory by Rocky Mountain craftsmen and I would have too much respect to have them shot-blasted to hell, unless it was really necessary.
From a distance of several thousand miles, it looks in ideal classic condition, by which I mean it looks great from a distance, but shows understandable signs of age from close up. Great, that's what I call perfect. If it was really *perfect*, that would look wrong. A 15 year old mountain bike shouldn't look perfect, it should look like a 15 year old mountain bike.
Just my personal view Nick. Knowing you, I'm sure it'll look great when you've finished with it, whatever you decide to do with it.