Interesting viewpoint you have and while it might make sense to a watch purist, we are under the impression that since you said it's the only thing your cousin has to remember her father by, and she is not a watch purist as she had to ask you what the thing was, it's doubtful the course she would want is to radically alter the configuration her dad chose for the watch and completely restore it to original factory spec as you spelled out. Like I said, the logical question is whether she wants to use it, and if so the most sensible thing to do is regardless of value to have the movement serviced so it's safe to run and not replace or do anything more. So you might want to bring it along to the same watch expert you are bringing your other family heirloom to and have him take a look-see at the movement.
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