Personally, I'd replace the brake lines and coolant hoses. They not only can they chemically rot from the inside, but they can dry-rot from the outside with exposure to the sun. There all kinds of rubber bits that get real finicky as they age.....like us.... :hehehe
Especially brake lines and coolant hoses as they can and do flex.
I replaced all of my coolant/vacuum hoses, fuel/brake lines, o-rings, on my '95LT 2 yrs ago and plan on doing the same this year to my '97LT.
I wouldn't ride on 20yr old tires, and I think by law here in the states they are not even allowed to be sold if they are over 5 or 6 yrs old. Tires are rubber too.....
As far as the spark plug wires, I seem to remember reading somewhere that the K75's had different plug caps on them with a spark gap or resister in them. Someone correct me if I'm wrong. Not sure you can test them with a regular Ohm meter.... Nor can you replace them with just any spark plug wire. There are mfgr's that make them aftermarket so you don't have to go BMW on those.