WD Pro is right although the frame serial number suggests the frame was made in 1990 this was still intended for the production of the 1991 Muirwoods hence the threads title change.
Anyways the plan for the bike is to keep it real. No respray, the paint work has been used and does look it, but so what, that is what it was intended. So with that in mind I'm going to try and stick with used components where possible and just recondition them.
Starting with the wheels. The wheels are a bit later than the bike itself having come originally a 1993 Muirwoods.