With the underlying paint peeling/chipping already, we decided the best avenue was to entirely strip the paint and start from the beginning. Thanks to Mr. For Love of the Paint for that labor of love! Here is the dresser in its bare wood state.
I painted the body yellow and then tackled the trim with some Old White. This took a while, but definitely gave great detail and polish to the carvings! And there's nothing quite like the moment when you get to pull back the painter's tape..