I guess I am more comfortable with wiring than some - have done lots of electrical and electronic stuff and wiring on cars - and afterall that is what I studied when I was my kids' age.
Sure grounds and connectors are critical; if you are adding modern conveniences you need to make sure the system can handle it and yes any burnt wires need to be replaced.
But I don't replace connecting rods just cause I am rebuilding a motor if they are in good shape and up to the power level being built. If the wiring is generally in good shape - not cracked, not fraying, not burnt - replace what needs doing which is likely most of the bulb sockets and some connectors and pins - clean, solder and heat shrink everything including connectors that look good and I think it should be fine.
Guess I'll find out when I get the Cuda put back together with all the wiring harnesses I reconditioned last summer
. I only replaced one - the transmission harness cause it would have cost more to recondition than replace - it was too far gone. Other than the same alternator / ammeter issue the rest of the core wiring was usable.
Granted yes it is more work than plug and play - but its a labor of love right? For me it was also part of staying on a budget - which is the market value of the finished product not including my labor of love - that did enter into the decision to recondition the wiring harnesses rather than replace completely.