After some further internet research I've found a place in Edinburgh that can bead blast and powder coat my frame for a reasonable price.
I hacked off the worst of the flaky paint and had a good dig at what was underneath with a bradawl. Some bits were very powdery but the underlying alloy is sound enough.
The only problem I had dismantling the bike was with the bottle cage bolts on the underside of the downtube. I don't remember ever having used them. Despite a liberal soaking in plusgas they weren't for turning except in conjuction with the rivnuts. I tried several fixes recommended in youtube videos, but just like Haynes manuals these fixers only seem to work on new machinery.
Some of the suggested fixes recommended cutting the bolt heads off with a dremel, which is what I did. The rest of the processes proved to be superfluous, as the rivnuts were so corroded themselves that the outer half disintegrated once the bolt head had been removed.
There's no way that was
ever going to unscrew.