painting

Like most 40 year old controls, the coating was half off mine when I got my bike. A good friend told me about this product called Plasti dip. It's like it easy, spray. I'll keep you guys posted on how it handles to the wear and tear. So far so good

I am going to paint my rims, mount new rubber and add some dyna beads for balancing. I've read somewhere that I may need to install new bearings when I am done. Is that true? Is there anything else I will need to replace? I want to make sure I have everything before I start so I can finish it...