When I got my Mark II, it had been "neglected", to be polite. Tolex was trashed, weird conglomeration of cheap tubes in it, dirty & a bit rusty in spots. Even the metal corners were dented & rusty. I did this:
1. Took it apart.
2. Blew out the dirt.
3. Cleaned to pots (& tried to clean the relay)
4. Recovered the cab (I kept the tolex on the back panel, it was just dirty. Kept the grill too, it has a small tear, but what the heck).
5. Put new corners on it (Ernie Balls were an exact replacement)
6. Re-tubed it (I put in Mesa tubes, seemed like a good place to start)
Mike B at Boogie told me not to worry about the rust on the transformers, so I don't.
Not a lot of work, except the tolex part. Next time, I'm paying somebody to do that.
Dirt