Well here she is all cleaned up and refinished. Once I got it all cleaned up you can see more of the decals. Spent many hours sanding the cabinet with a palm sander and hand sanding. Also used a Dremel with a small wire wheel to remove loose paint and rust from the base before re-painting it. The Dremel and its small sanding attachments were a big help to remove gunk around the drawer details. To help protect the machine and the remaining decals I picked up some clear top coat for cars, hopefully that will keep any more of the details from being rubbed away.
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In researching info on this machine and the decals, found out it is a Pheasant? design. I love the way more of the detail came through once I removed all the dirt and oil, in some areas I didn't even realize there was any detail until it was cleaned up. Used extreme goo gone and a soft cloth to gently clean the machine, didn't want to remove any more of the decals, so a gentle touch was required. In the places that it is worn away you can tell it was used a lot.
Still waiting for slide plates to cover the bobbin area that I ordered. That hasn't stopped me from sewing on it though. Already did a small quilted wall hanging.