I completely tore down both of my steering wheels and completely cleaned, polished and put di-electric grease on all the contacts. My steering wheel for my 1973 Fj40 is still in excellent shape so it was basically just cleaning up a 46 year old steering wheel that had never been cleaned. I ordered a new OEM horn pad assembly from Japan for the 1981 steering wheel because mine is a little worn on the edges and the horn pad is now discontinued so I am picking one up before they are all gone.
I finally put a leather steering wheel wrap on the 1973 and still have to lace up the leather cover on the 1981 steering wheel. I am still stretching the leather on it some so it will form to the wheel better before lacing.
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Right now they both look dirty but it is really just smudges from my sweaty paws while working on both of them. They look a lot better than the crappy cell phone pic shows. They will get a final cleaning and wipe down after they are re- installed.