>>Collectors want a watch that shows signs of life; they value a nice patina.
Yeah, but I don't. I don't have this watch as an investment - hopefully I'll use it for another 50 years and then someone else can use it again for 50 more years. In fact in addition to the service I paid £300 to have the dial replaced with a brand "new"(old stock) identical dial, because mine was showing very minor signs of corrosion. If a collector somewhere has an issue with that.....tough? Also I have no idea how anyone could ever even tell the dial was replaced, the new one is original Omega, just......flawless.
>> If I did, I'd likely end up having the original acrylic bubble being replaced with crystal, the case polished high heaven, new tritium applied, and it'd probably be worth $15k less.
That sounds perfect, if it were my watch I'd absolutely do that. Who cares how much it's worth at the end? If it's your grandfather's watch, then you probably won't ever sell it, will you?
Either way, I understand this is a personal choice.
>>for a watch that old, I'd strongly suggest you find an independent watchmaker or two and get them to give you an estimate before you do anything.
I did, both of them went "oh it's an omega, it's going to be about £400 for a full service mate" - so servicing it with Omega wasn't that much more expensive and it was a much better shout in my book, I know that whatever parts they replaced are original and brand new.
edit: just to add to the above - sorry, I realized I came across as very defensive. Yes of course your advice applies 100% if someone cares about maintaining the value of a vintage watch. Identical advice applies to maintaining vintage cars as well. But if you buy a vintage watch like me, to use it as....a watch....then just keep that in mind too.