I might also suggest leaving it alone as well depending on the amount of peeling/finish failure. The assumption also is that a stripper will remove it. The rods that I have refinished stripper would not remove the finish. I ultimately sent them to Kerry Burkhiemer to do. He used a centerless grinder to remove the finish and they were repainted. These rods had great sentimental value so it was worth it me.
I also tried repainting a friend’s rod that had the finish sanded off by the prior owner. Tried various spray on clear coats for plastic. I could never get it to look very good. That blank got sent to another friend to repaint. It had great sentimental value so it was worth the expense.
One thing to think about is that you should be careful around the ferrules. Removing the finish is likely to change the fit. I once bought a blem blank that had a terrible finish on it. I used some scotch bright to remove it. I should have masked off the male ferrule as it really screwed up the fit. I did not even think about it