Well well well!
Last night I spent 2 hours in the garage on a stool with the radio on!

I did exactly that, cut the wire just before it starts to fray and soldered a new bit and crimped a new spade plug on the end, heat shrink tubed the connection and bob's your uncle, new wire!
It's not THAT hard. I agree if I was going to "replace" every wire from end to end then it's not worth it, but my loom at it's current state is shocking to say the least (pun intended). The previous 6 (?) owners must have done several patch up jobs on her. Some bits of wire (like the temperature gauge sender wire) was already made of like 3 separate wires twisted to eachother end to end!
Once that was replaced it looked neater and probably sends the correct temperature too
All the ignition coil connections were shocking! And by far the worste was the starter soldenoid connections
I am amazed Lillee starts every time like she does... Anyway after all that, I started her up and checked that all the lights work and alternator recharges, everything is sweet!
Tonight I am going to tackle the bunch of wires at the top left of the bonnet, these look daunting. It is truly looks like C3PO in empire strikes back when he gets blown apart!
Thanks for all your help, I am sure I will have more questions putting in a new loom eventually...