When you say "restore", are you referring to making it original again or simply making it look new, as in pretty and nice?
If the latter, I'd personally go with laminate unless you have some decent painting skills. Laminate looks better, it's easier to get a professional look with it, it's more scratch proof, hides imperfections in the wood better, and imo is easier to work with.
The cons? Its more expensive (3-4 times more).
To me its a no brainer and I'm saying this a someone who has painted two cabs.