If you want to retain the value of your case, then don't strip it. However if you want to use the case for a long time, then do whatever you want to it. You can get the hinge fixed or replaced. My case had missing black stuff only on bottom corners, used black shoe polish to cover it. Now you can hardly tell there was a problem. You can also clean up the hinges and latches. Those cases are very nice, even when beat up, I would do whatever you wish and make it something you love.
Kat