Is it morally acceptable to restore vintage watches to a condition that may misrepresent their original state? Given that restoration can enhance value and appeal, where should we draw the line between preservation and alteration? What impact does this have on collectors' perceptions and the integrity of the vintage watch market?
 
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First, let me say it is your watch and you can do what you want with it. I know a guy once that did similar things to enhance the looks for himself. Shoot, I did it with a GMT and a Sea Wolf.

But understand, this is called a marriage, and is all but worthless to a collector. If done, the value of the watch is simply for the parts to fix others.

The second watch: https://www.vintagezodiacs.com/gallery/NeverWere.php