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Appliances that are smudge-proof stainless steel have a protective clear coating that makes them smudge-proof. Unfortunately, you can’t truly remove a scratch on this surface without also removing that special coating. Your best bet is to let the scratch be or protect it with a small dab of clear nail polish. 

You can risk the option of buffing out the scratches, and be very diligent in coating the area you buffed with oil to reduce the dullness. Just know that if you choose to buff it out, there’s a possibility that the spot won’t look the same as the rest of the appliance.

Kitchens often see refrigerators, ovens, and dishwashers commonly refinished due to high visibility and frequent use impacts.

In general, yes, it's worth repairing an appliance over replacing it. If the repair will give you more years of reliable service from the oven and the repair costs less than buying a comparable new model, then yes, get it repaired. If, on the other hand, the oven is reaching the end of its life and needs a costly repair, you're likely better off buying a new oven.

Removing the original paint or stain before refinishing is a good idea, as it ensures the new finish bonds strongly to the wood. If you skip the stripping or sanding step, the new finish may peel or flake away from the railing easily. Using a wood stripper will completely remove the old stain or paint while sanding will help to prime the surface.