I decided it needed fenders and a better looking headlight.. But I wanted to keep it looking "sporty" and less like a cruiser. I had a set of stainless Wald(?) fenders, so I cut them down and reformed the folded lips on each end.
After a couple of rainy rides and getting the back of my shirt muddy, I ditched the useless cut down fenders in favor of some early '40s fenders with original paint. The maroon doesn't quite match the red, but hey, it's a mutt.
I have that same frame with extra rust. I was thinking about doing something similar with aluminum wheels but found some rusty painted S-2's that matched the patina for $35.00. suddenly the expense of the aluminum wheels was not worth it..
how did you determine the year? mine has a X8.... serial number. I just figure it is 46-48