Do you shoot the rifle well as is? What ammo do you use? Is the rifle reliable?
If the answer is yes to those questions and you’re using a quality bullet that’s shooting fine, I’d probably leave it alone. If I wanted to change anything, I’d upgrade the scope mounts and put a simple but durable quality modern scope on it. It would be a leupold if it was me.
If the wood stock is rough, you could spend some time restoring it yourself. I put a Manners stock on a pre 64 M70 years ago that I really like, but it’s tough to beat a good wood stock on a hunting rifle.
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