Tice & Watts bows are considered as collectibles by many. However, if it is in good sound condition, it should be shot and enjoyed,
Tice and Watts were two engineers that worked for NASA at the Redstone Arsenal in Huntsville, AL. They used the NASA CAD programs to design their bows. They were the first computer designed bows.
I don't know if they camo'd any of their bows but unless you want it natural wood, I would leave it alone.
You have a good bow there, and a generous friend in your co-worker..