Shawn;
Good thinking, great work. The kind of stuff I like to do given the chance. Dirty old ratty little gray drill press no one notices. Clean, bright cared for tool people will fight over just to use.
I proved this many times to myself. Our shop had many 3/8" Milwaukee drills. I picked a couple and cleaned them up, polished the chucks and installed new cords on them. Threw them back on the shelf and waited. People would hunt up these "CLEAN" ones and actually wait to use them over a newer dirty tool. Difference in operation or ease of use, ZERO! Same as needing a single 1/2" nut. They will request and open a brand new box of 1/2" nuts rather than reaching into a box of mixed nuts containing at least 50% 1/2" nuts. People never fail to amaze me.
I did this kind of stuff many times to my employees just to test their reactions. Read about it in a trade magazine so thought I would try it myself. They never did catch on to the source of my amusment.