Since I asked my question I have done some further research and also dropped by my local Tesco to see what new models cost and which are suitable for a replacement. I was surprised to see that the model range and prices was quite extensive. Currently an LG has satisfied my criteria on looks, spec. and price although I plan to have another look elsewhere tomorrow.
As to my existing Microwave, my research has highlighted a number of issues that may have caused the problem but most probably a hot spot. Paintwise, one Techician has stated that any enamel paint was suitable but to put coffee grounds in the oven for two days afterwards to remove odors.
Hence, I think I will buy a new one but repair the old one just to keep only for warming up Thai food by the MIL.