Hi there Strikkflypilot,
I have cleaned and sanded the bell & that has been protected with a couple of coats of clear-coat, it was the sides of the transformer itself I was wondering about, since I rubbed them just slightly to remove the slightly unsightly runs of varnish or glue or whatever it is holding everything together. I think I could quite easily do that with it in situ if need be at some point - but I won't unless anyone thinks its necessary, because in terms of how it looks it seems fine.
Cheers!
Jeb.