That rust will clean right up. Blades are in excellent condition so please do not chunk it. Many collectors look for them for originality, myself included.
If it sounds noisy and the bearings are original, then the bearings may be worn and/or dry. Since you had it down that far, you were in a good position to replace at least the front bearing. I know this is late notice but I just saw this thread...
The metal fan does create some ringing harmonics due to vibration and the plastic fan will eliminate those.
Moving to Prosper? Welcome to the metroplex! I am in Plano, same city as a great Kirby service center!