Dear bobzafish, If I'm going to help you, you'll probably need to contact me through yahoo at muneymouse@yahoo.com if you rather not contact me, than contact Russ or Erica Gooding at
717.738.7330 or email@ info@goldenwitch.com http://www.goldenwitch.com/index.html
I would not do any work on the rod for the reason you're not experienced and its probably a rare and expensive Fly Rod. You've not given enough information for I to decipher if it is a rare Fly Rod or a high value.
For whatever its worth don't do any repair on it yet, till you have better knowledge of it.
I'm also able to furbish you, a local Rodbuilder who is expert in working with your Fly Rod in your area or near..
As for the tape, no Fly Rod of that era or now is wrapped with tape. It might look like tape but its silk. Unless someone added tape because the silk either was removed or a change of snake guide or stripping guide. Photos will probably be needed to ascertain the problem.
When I say its possible it can be a rare Fly Rod or a high value, I meant worth $400 and up.