I've got bikes with SS braided lines, and I've got bikes with rubber hoses, so I'm not biased one way or another, but no-one here should compare new braided lines with 40 year old rubber lines, that's comparing apples with oranges.
New rubber lines work fine, and are a huge improvement over 40 year old rubber lines. A problem with braided lines that I've found, is that they take a lot of the "feel" out of your brakes, and give them a very "wooden" feeling at the lever, so I purposely bought rubber hoses for my GL1000 front end conversion.
SS lines are also a biatch to bleed compared to rubber hoses, I presume (but don't know for sure) that most braided stainless hoses have a smaller ID than OEM rubber hoses.
Either option is good, new braided lines or new rubber hoses, it just depends on your personal preference, there's really not that much difference between either. Cheers, Terry.