Herb: i know it's your vise now, but PAT. PEND 11/46 date stamped Wiltons are not easy to come by so if you leave the jaws and screws as is i bet you'll appreciate more as time goes on. of course if the screws and jaws are not functioning as well as you like then it's your call. a good pair of copper or aluminum jaws would work well to give you more grip instead of new vise jaws if you need more grip. paint can always be changed unless original paint is in pristine condition then i'd advise members to keep original paint. here's my 60 year old Craftsman 5196 with original paint i'll just put BLO on or leave as is and my Rock Island 597 for a couple of examples of nice original paint on an old vise.
here's my Reed 4c sandblasted and with BLO with a before an after shot for a couple examples. you deserved a good vise and you got one of my keepers, but i know you'll take good care of it.
good luck
Drives
I am not going to replace the jaws right away at least. I could use some better jaw screws or I might be able to recut the flathead screwdriver slots in these I have.
I will be painting the Wilton to match my CMAN Block Grinder. Both will share prime real estate on my main bench, and neither will probably be used very much or at least very hard. I do appreciate your allowing the release of my favorite model Wilton. I hope your not having second thoughts? Do I need a Notarized Letter of Adoption? LOL Just Kidding!!
The Wilton will exactly match colors with the photo of the CMAN BLOCK in this photo.
Best Regards
Herb

