Is this an issue to address right away or wait and see? Want to try to get dads 9.5 running. Found paint peeling and rust on and around the exhaust cover. I did a light brushing to get the loose stuff off before I took the photo. Hasn’t been used in about 30 years. Dad bought it new. Never had heavy use, occasional saltwater. Compression is 60 for both cylinders. Planning to rebuild the carburetor, replace water pump, etc., but thought I’d check about this before starting. Thx!