I also treat(ed) the connectors with LPS-1 (hard stuff to find, and is NOT like their LPS2 or 2.5, or LPS-3) as it was developed expressly for the metals used in these older bikes' wiring. The plugs are zinc-plated steel: steel because it was cheap and zinc to prevent rust for 10 years of anticipated life. Now 5 times those years later, the zinc is flaking off and the steel is corroding. The LPS-1 stops both and also seals out air, but lets the metal-to-metal contact be completely uninhibited. Cool stuff, really.
Back in the 1980s I made Command-Control systems for model train hobbyists. These had little receiver boards in the locomotives and used RC circuit channels to allow the User to select 1 of 63 locomotives on a layout and control it with his handheld throttle. The only fly in this otherwise very cool ointment was the train tracks: they got dirty and cruddy and often made poor contact, interrupting both power and command to the train. Putting a drop of LPS-1 on each rail, about every 10 feet of track or so, stopped the corrosion and signal interruption completely, and only needed to be done once every few years in that open-air environment. LPS-1 was developed to also withstand salt water spraying (it came from Naval electrical gear), so in these bike's electrics it only needs to be done once to last for decades. I think I did mine in 1995-ish, never had any more issues.