Y'know, one of the few remaining pleasures we have in life is freedom of choice in many things. My personal preference would be to go for the contrasting effect of a high gloss black fitting attached to a well polished chrome mudguard, but it's your bike and I heartily defend your right to have it looking as best suits you. Looking at the item pictured, it gives the effect of a reaction between two differing types of paint, but the metal seems to be fairly sound. If that's the case I would leave it soaking in stripper and re-paint it gloss black. As somebody else commented, decent black ones are getting rare and this could well offset some of the cost of your replacement. Stay safe everyone.
