I would definitely leave bluing as is. I have lots of vintage 22s that look just like yours in condition. Don’t know the value of yours, maybe not great, so a re-blue would probably not reduce its value but if the rifle was mine I would leave it as it is. Re-bluing is not going to increase its value IMO. Certainly seen more valuable relics values reduced by “overhauling”. Just a good cleanup of any rust spots, if any, with 0000 steel wool and oil.
The mag sounds like a tired follower spring for sure. Sometime as well old mags can be improved by polishing the inside of them so the follower is not held up near the top by any roughness if present. Otherwise the old stretch the spring trick but generally this only works for a short period.
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