This wrap does not age well. I have several pieces, & I've seen a lot that pit & rust badly to make a rough textured surface. However, it is very tough to remove. My bass & others I have seen have a riveted seam, & this creates a big problem. (You didn't mention if your drums are riveted).
On the other hand, I've developed more tolerance of less than attractive drums & accept them as they are. I just clean them up, & live w/ the flaws. This design is not a shining example of Ludwig at their best. They are also very heavy .
You might consider just saving your time & money & clean them up as best you can. Rewrapping is not going to improve the sound, nor add much value, ( it will be a heck of a project). Another thing to consider, if you're a performer, is that no one will care or notice beyond a distance of 10 feet.