So many good points here, but none more so than evaluating each individual gun on it's own merits. A good rule of thumb might be restore if it adds value (but dont expect the increased value to be equal to the cost of the restoration and gun itself). Do not restore a gun if it will decrease the value.
I don't see much harm in bringing a tired and or broken G, P, V or even Trojan back to life and use.
I find the process of bringing back a tired gun that I enjoy shooting is fun, I am like a kid at Christmas waiting for a set of barrels to come back from refinishing or a stock rechecked or screws fixed. There is satisfaction for me in the process and enjoyment to follow. Not every dollar spent on a good shotgun I like has to bring a $ plus back to have fun, not for me anyway.
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