I'm away for a week.....so will have to go by pics I already have.
Wheels...actually the trickiest and worst part of the bike as the frame and other parts will all clean up pretty well I think.
They are Araya RM20s (according to the sticker and they are the correct profile) so unless they made a steeel RM20s then these are aluminium which has been chromed, thats also bourne out by the lack of rust...this is more like a corrosive reaction/with piting flaking....if steeel I'd have expected rust spots, also under the chrome you can see what looks like dull aluminium.
The Inside of the rims when I changed the tubes were box fresh which was a surprise, no corrosion and original (well looked original) rim tape present....annoyingly I didn't take pics...just of the weird innertube
I think the spokes may have also been chromed originally, they are rusty....but some glimpses of shine.
So I see a couple of options:
1, Clean rims as best as possible, rebuild with pretty spokes stainless or something with some bling, even pitted they still have a kick ...so retain the history/patinausually my go-to thing as to my mind re-doing to perfection looses something....know thats not everyones opionion.
2. Strip these rims and polish back to a mirror finish...not sure with all the pitting how good a rresult that would be.
3. Same as above but also get re-chromed
4. keep these as is for historical purposes but re-build the wheels with a better pair of RM20s that can be polished or chromed.
Money is a factor in all this....
The gold plated Sansin hubs will clean up a bit but have the same rough pitted/flakey surface in areas....re-plating these would be a nightmare and also the Muddy Fox logo is a screen print so just a massive can of worms that I personally am not going to get into.