This is one of the most interesting threads I have read on the forum since I became a PGCS member. I think a Parker is one of the best examples of American manufacturing craftsmenship from the late 1800's and early 1900's. A $150 1890 C grade Parker compares very favorably when layed next to far more expensive European doubles. I think, when the restoration is done using the original wood and metal on the gun, no historical significance is lost!!! If the specimen restored was in such a rough condition that wood and metal components need replacement, that is fine too. Just be ethical if you are doing it for monetary purposes and disclose what has been done and why. IMHO.
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