What to do when a bike looks like this.

Interesting head tube brace.

Wipe an oily rag over it, build and ride. Patina, innit?

As others have said, it's lasted this long so it should be fine for a good while yet providing it is stored well. Since it doesn't fit, whomever you punt it onto will likely have their own ideas about what to do with the finish.
 
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