I'd have the hands replaced with service hands, and heck, I'd have the dial replaced as well. Hang onto the originals if you're a collector, or throw them in the trash if you're not.
Remember that just about everyone here except me is a collector. But! when the lume falls out it can get stuck in places you don't want to have it get stuck. So I think at the least, get the hands and dial replaced and keep them for the future. Don't let the collectors keep you from wearing your watch and getting full value out of that.
Tom
Edited to add: I didn't notice the upright right away. So definitely hang onto that dial.
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