Good point Channel Hopper.
Equipment of that vintage is optimized for the low frequencies. If it does not perform as well as expected on some transponders and they are at the top of the band, this may be why.
A good example is the earliest _Sky perforated 'mesh' dish which is 90x85cm. The signal strength is the same across the band as a modern dish of about the same size but the signal quality is worse. There is a clear roll off of signal quality on the high frequencies.
If you put the old dish beside a modern perforated 'mesh' dish you will see the old one has a bigger hole size and the the modern one has smaller holes to improve the response on the shorter wavelengths. I suspect the parabola on the old one is also optimized for the longer wavelengths though that may not make as much of a difference.
This may be another reason why some people thought perforated 'mesh' dishes were worse than solid dishes - they aren't worse it is just that these ones were not optimized for the entire wave band.
It may also be the reason why transparent dishes do not perform well for their size - they have the same large size mesh as the early _Sky dish embedded in them, larger than the modern perforated 'mesh' dishes.
So I think you may find there is still a relatively lower performance on the top end of the band even with a modern feedhorn.
However, it may have a big enough margin in practice on the transponders you want, so it may not be problem. If motorizing, optimize it on the weakest transponders that you want.
Of course, you might be lucky and it will work fine for your proposes with the old feed horn - it is worth trying as it will save a bit of money.
For the mount Hammerite, new washers, etc will make it as good as new. Perhaps spray the dish face with Pasti-kote type matt spray. I would say it should last another 20-30 years with yearly maintenance.
The old LNB may still work if you take off the polarotor and use a WR75 - C120 transition or just hold it in place. Then keep it as an antique!