UPDATE: Just added a picture I forgot to before

Hello all;
I am the proud owner of a Bally Bow N Arrow pinball table that I love and deeply cherrish for personal reasons. However it is now starting to show its wear

So I am banging my head against the wall trying to figure out what I should do.
Ok first off let me explain what it is

The table is from 1974/75, the playfield is solid wood (love the sound a wooden playfield makes

) And now the tables paint is starting to crack and fade. Also the wires are all original and causes some shorts causing lights to shut on and off when certain things are hit. (not ment to happen) The rubbers I replaced 6 years ago and are still fine. I did some contact cleaning, but sometimes the ball ejector (top right) does not spit out the ball. The back glass is MINT condition, All plastics are mint and all mechs work fine.
What I am proposing that I do is:
Replace entire playing field with new wood and get it painted and then sealed. What wood is used on these table tops?
Rewire the entire cab, under the table and back board.
I might replace the flippers with new ones, and new bumpers.
Replace all rubbers.
Clean all contacts.
Repair gate spinners.
Replace ALL lights with bright LEDS.
I am NEVER going to sell this as I said it is more of a personal item than anything else. But doing what I mentioned above will breath new life back into the machine, and keep it going for many many more years to come.

Oh and when I say replace the table I will NOT wreak or throw out the original table... that will be kept and stored. Same with the replaced electronics (flippers, bumbers e.t.c)
What thoughts and comments do you guys have and can you please help answer the few questions I had in the above post ?
Thanks for your time.
Take care.