Well Ken it looks like your 120 is ready to be upgraded: SBC, 2 inch chop, channel the body, shave the doors, purple pluche interior and a set of dice!
Ok, on a more serious note, I would definitely preserve. I had an all original 36 120, and the only problem I run into was having kids! My kids loved the car, but the original material on the seats looses a lot of its strength after 79 years. I was always scared that it would rip if they weren't careful. Usually I had a blanket on the seats but that doesn't drive very comfortable. Because I didn't want to be the 1 that screwed up the nice interior I decided to sell it. The 3 guys that bought it are absolutely in love with it, and its their favorite car out of their impressive 15 car collection!
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