It's worth cleaning out the reg, to get the 20 years or so of crap that's slowly built up in there. It's usually the thick clogged up black grease inside them that slows the motor down too.
If your handy DIY wise, then do it, you just need patience. The most awkward part of putting them back together was holding the cables on the centre reel while putting the cap onto the reel and trying to hold the main bit of plastic that the cables go through, without the cables coming undone again.
But I did learn (from trial) that when putting the cables back into main white plastic section, you put one cable in first, with the spring held in the right place, then put the cover on and fully tighten one screw on that side only, then loosley put the other 4 screws on, but giving enough room to slide the spring back on the other cable.
All this ^ probably wont make sense until you get your hands dirty anyways, but there's no harm trying to fix something for nothing.
I got a full working reg & motor from the scrappy last week for £15 but expect to pay upto £25. On a certain "scene" forum they go for double that.