I probably haven't been clear. I'm not a collector. I simply like to see classic rifles "kept together", lock, stock, and barrel.
IMO, the decision to shoot a NIB or refinish a worn rifle is purely and simply a monetary decision based on the collector market. I really don't care one way or the other what somebody does, because none of that stuff changes what I call the "intrinsic value" of the rifle. That value, as opposed to the collector value, is the one I care about. I don't even get terribly wound up about a recoil pad, although I do recognize that it hurts the collector value. I kinda hate to see overly short LOPs, but if the owner needs a short stock, it is what it is. However, I do admit I value the "cool factor" of the Niedner (Neidner?) style butt plates and cannot bring myself to cut one off, but it really doesn't change the rifle all that much. When I went looking for a "beater" stock, I wanted an original, but I didn't mind a pad as long as the stock wasn't cut too short. Original LOP with pad was fine. As far as bedding, I would prefer to see how much it truly needs it before doing it, but if it won't shoot, and you are pretty sure it is the bedding, then go for it.
People get terribly jacked up about holes in the side of the receiver due to the installation of a G&H side mount. But when you think about when it was done, that mount was state of the art at the time. Those holes don't change the reliability or the accuracy of the rifle one bit. Buy it cheap, plug or patch, blue or Cerakote, enjoy the rifle. It is still a great rifle.
I don't know if I have posted this before or not, but I can best explain how I feel with a couple of hypothetical scenarios.
Imagine some kid who thinks a cool rifle is a camo dipped AR asks you what the big deal is about Pre '64 M70s. What do you show him or let him shoot?
1. Make him put on white gloves, handle a NIB, and don't let him even open the bolt?
2. Let him shoot a super nice, work of art custom stocked one?
3. Let him shoot one in a McMillian, Brown, Banser, or similar?
4. Let him shoot an original stock, refinished or not, recoil pad or not, but re-barreled with a similar to original contour?
5. Let him shoot a good example of an original, refinished or not, recoil pad or not?
Assuming all are accurate, I believe he would most understand what Pre '64s are about if the answer was #4 or #5. IMO the stock, good or bad, is part of the experience. If I hit a bad barrel or managed to wear one out, I would try to find a take-off or take-apart (sadly) barrel. A different "user" stock is fine, even a synthetic if that is what you want, but I like to see people hang onto the original so the rifle can be returned to original configuration.
Now imagine I have two NIB, apparently as alike as two different things can be. I take one, mount a scope, work up a load. It turns out it functions flawlessly, and it is an absolute tack driver. I shot it about 100 shots working up a load, but other than bluing wear from running the action, I didn't ding it up. I take off the scope, and offer to give you this one or the NIB. Which do you take? Unless it is some crazy $10K configuration, I'm taking the proven rifle.
That's how I look at it. To the collectors I'm a philistine. To the McSwirly guys, I'm lacking in vision. Actually, I'm not. I just don't show it with the Pre '64s.