Is it in a pan so that if it starts leaking it won't trash your house? I would leave it. The newer ones are more "efficient" and therefore take twice as long to heat the water. Your water heater will probably outlast a brand new one anyway. And when the time does come to replace it, you don't need a plumber. Take pictures of the old setup. Disconnect everything and put the new one in and re-hook it just like it was. Use new supply lines, hand tight plus a quarter turn. Always use a new gas line as well. Do NOT use thread tape on any gasketed fitting. And do use the right thread tape for your gas line, yellow.
> Do NOT use thread tape on any gasketed fitting.
I didn't know this. I always figured the extra seal is a bonus. Granted, I'm no plumber and have little knowledge of the field. I know the necessary drop for pipes to flow and that's about it. Outside that all I know is shit rolls downhill, paydays on Friday, and don't bite your fingernails.
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