That is a really nice way to deal with a bike like that. Simply change the wearing bits - cables and tyres and thoroughly clean the rest. I am doing exactly the same to a 1961 Cote D'Azur that I bought on the way back from VeloRetro. Will be a slow job as I am away quite a bit over the next...
Thank you for that. The A prefix is either 1976 or 1972 - there are two theories on this at the moment. Yours does not look like a 1976 so it is more likely to be a 1972. The dates on the back of the brakes should help confirm this (and help us with the Falcon frame numbering logic!)
Look...
I saw that bike and was tempted, but my project backlog is too big at present and my collection of Falcons as large as I can manage!
You are absolutely right to keep the albeit old paintwork as that is original. A careful clean and screwed up aluminium foil on the chrome plus a good wax...