Ehh...well, since it's a customized game, it's likely to be worth considerably less, not more.
The real Michael Jordon game looks like this: https://www.ipdb.org/machine.cgi?id=3425
Collectors are more likely to see this game as being "ruined" rather than "improved".
It looks like the cabinet artwork was just painted over, so maybe the black paint can be removed without harming the original artwork underneath.
Also, I doubt the game has had only 150 plays in its entire lifetime. That's probably just since the last time the batteries were changed.