I decided to refurb them and go down the polish route. I have completed two wheels so far, and here are some pics:
All the wheels were kerbed and looked like this:


I then used a metal file to round off the rims so they looked normal again and chemical, paint stripped all the wheels to look like this:
After a lot of sanding using grades 120, 180, 360, 400, 600, 800, 1200, fine wire wool and lack of finger tips
Some metal polish on a mop that was mounted to a power drill starts to look like this:
The final product and only finished two wheels so far
Need to spray the spoke gaps satin black still!