Simple age and hostile arcade environment causes the contacts to oxidize and voltages to go wonky, destroying transistors, fuses, etc.
You don't need to retin oxidized contacts.
You just have to get the oxidation off of them.
A typing eraser will take care of this quite handily.
The retinning/paint is designed to rebuild WORN contacts, not dirty ones.
If you tin/paint over an already bad connection, you're just going to get a slightly better bad connection.
As an example, think of the battery contacts on a car.
If they are oxidized, and you replace your battery cables (without cleaning the battery posts) you are still going to get a bad connection because of the oxidation on the posts.
It might give you a good enough connection to start the car (where it wouldn't before), but you still don't have a good connection.
If oxidation was the only problem (as opposed to corrosion inside the cables) then cleaning the posts/cable ends, and reconnecting them, will give you as good a connection as replacing the cables, and cleaning the posts.
There wasn't anything wrong with the original connectors, other than the fact that they were dirty.
Once they are clean, they will operate at full efficiency.
Replacing them is unnecessary.