certainly a viable replacement. However...
it requires new tools, time, attention to detail, and with any old wire, the cut off ends may be tarnished, and need to be cleaned with a wire brush to ensure a solid contact with the crimped on end. IMHO.
All that, to a strong, reliable overhaul.
On the other side of the coin, there are still jones plugs floatin around.
They can be reused.
So... six of one, half a dozen of the other.
Rock on!

Yup, that will work too.

pin alignment tip.
if you can, drape the socket with plastic wrapping, then plug the plug into the socket.
then insert new pins. fill void with epoxy, or glue, let dry, unplug and cleanup.
nice neat construction, and all pins aligned up.