i had a very similiar problem with my zenith 10s-669. cabinet was pretty bad with chipping veneer and photo finish falling off. i stripped it to the bare wood with a chemical product from lowes. the veneer was patched usung a template made from construction paper to make a pattern of the missing wood. after the veener work was done,a light hand sand with fine grit paper and i used walnut stain. the bottom area i used dark walnut and there were other areas that are darker originally. use fine steel wool to smooth out the stain. tack cloth it and i used 12 coats of tung oil

easy to apply and no spraying apparatus required) light sand with the steel wool and tack cloth between coats. a final coat of paste wax and the finish looks great! philco has a nice look to it and it will turn out fine. good luck and post pics in progress.