I've done a few of these wheels now, first photos are of 1 I stained and used polyurethane to refinish the wooden rim.
The flat black paint was too black, I may re-do it in future.
Next wheel I used roll bar paint in a semi-gloss black and it looks much nicer and closer to the original wheel finish for the paint.
On this wheel I used a more flat rather than gloss polyurethane finish but I prefer the "pop" of the wooden rim above. However the spokes look better.
Here is another wheel with re-plated hardware.
And here is 1 refinished by Romas (from Facebook).
He used automotive clear coat to get the glossy rim, which I like.
For comparison, here is a NOS in the box wheel.
I took was confused by the "blonde" looking colour in brochures, but have decided over time they must get darker and I'm fine with that as I actually prefer the dark redish colour. And I quite like the gloss on the wheel and semi-gloss black on the rim and of course the re-plated hardware. Some day I'll refinish 1 of these "just right". ha.