Usually I try to preserve things as best I can out of historical interest. I bought this camera for $70, and it was a hot mess, leather cracked and falling off, metal parts badly oxidized. I said screw it, and stripped the leather, diluted the old horse glue, and refinished the wood, which as it turns out is Honduran Mahogany IIRC.
The result was, what I believe to be a pretty beautiful camera. I do, however, urge you to not do the same to a camera that is in good condition. If you want to modify or customize a Graflex, please find one that is in rough enough shape that it is very difficult to restore.
Another example of a stripped down Anniversary Speed Graphic - this camera is quite beautiful.