Good point if the crank arm is shot you get the same result...
On the arm itself and the cheap way out I would say yes replace it...Especially when there's parts out there like this...
LINK ...But and it's a big but...How many sellers know or are willing to tell you if what they're selling is'nt the in same condition you're trying to avoid ??? It's a roll of the dice for sure...You almost need them in your hand to make the call...
I know on the cheap some have tried to re-peen the pins to make it tight again...How long that would hold is anyones guess...
I'm sure there's got to be someone out there that could restore these{or any}arms but how cost effective would that be for anything other than an upper grade car...