Phil,
From what you said about the barrels the PH could be used with appropriate ammunition. I would do nothing more than wipe it down with an oily rag. It did not look like there was rust on the gun, but that is best handled with Hoppes #9 and very light work with 0000 steel wool. I thnk you are right to keep the gun in the family. If it is going to be used, I would do something ab out the stock.
Harry
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