When I rebuilt mine, I took it as an opportunity to replace the original switches with the much-improved aftermarket items available through MG Cycles. I really disliked the functionality of the originals and had problems with the Molex plug at the headlight that occasionally acted as an independent kill switch at times.
Still have my original switches but I would never use them again.
I'm sure you could rebuild the master cylinder in place assuming the cylinder bore is still in good shape, but even if you like the original switches, it is not that difficult to find the tool for removing the Molex plug and removing the switches.
YMMV
John H