Based on your scans, it does appear to be a Type 1 original photo from the period, and if you were inclined to submit it to PSA for certification, I believe they would reach the same conclusion.
As for how best to remove the editor's paint-over job, it seems the jury's still out on that one. Some solvent-based methods have been discussed in other threads, but my understanding is that those have now been said to possibly have negative long-term effects on the photo. Apparently in some cases, just using warm distilled water applied in controlled amounts with a q-tip can be effective in removing the white touch-up paint (assuming it is water-soluble).
Others may chime in with more ideas, but by all means, keep us up to date and show off that beauty when you're finished cleaning it up!
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