The paint job is original and still very good but I was thinking about replacing the Honda decals on the frame. The old ones are a little worn and dinged up.
Looks like the RH side is a replacement, it's rotated ~4 degrees clockwise. So new tank decals are a good idea, they'll clean-up the visuals for very little money. Successful removal, prep & replacement is a bit tricky & painstaking, still well worth an afternoon's efforts, imho. If you want/need some instruction...this is the place to ask. For now, I'd prefer to keep the post length reasonable.
Nothing wrong with a rear drum brake, for any type of riding that's even remotely sane. It just needs to be in good working condition. That usually means clean, with new brake shoes, and within the 111mm wear limit. An afternoon spent sanding & polishing the brake plate can work wonders, no power equipment required. (If you do own a buffer setup, it'll be a much faster process.) Leaving the polished aluminum bare adds a nice bit a of extra bling, it just needs to be periodically maintained. Clearcoat knocks-down the gloss. A rear disc brake conversion is probably more money...and a lot more involved... than you realize at this moment. I can go into detail, if you like.