peter d said:
I agree, it's pretty unrealistic to do a complete rewire to put up a few lights.
Nobody's suggesting you do that, but let me share a story from this past May....
An apartment building I formerly did work in was purchased by a new owner. The new owner decided to really fix the place up, one unit at a time. I was called in to hang new fixtures in one of the newly renovated units on the top floor, on a recommendation by the old owner. I already knew this place was wired with old-old BX; no bond strip, cloth-covered conductors.
I took down every fixture first, and as expected, all the conductor insulation was crispy and wanted to fall off. I took apart all the connections in all the light boxes and loosened the clamps. I got into the attic (no easy task in this place) and pulled all the BX out of the all the boxes. Stripped the armor back to good conductor, and set a 4 square. Ran MC from that 4-square to the existing light boxes.
Now, what to do about grounding? There's a provision in the code someplace (citation needed) that permits a single ground wire to be run in cases like this. Since this unit had it's own tenant panel, I fished a solid #10 THHN down to the panel, inside the wall, up into the attic. I used the Arrow T-25 round crown stapler to attach the THHN in the attic as it was run to each of my 4-squares to take care of the bonding.
A lot of work? Sure was, but certainly not a complete rewire. If this had been someone's house, I might have done differently. Since this was quite a visible building, and a rental that will have lots of tenants over the years, I decided to do it the best way I knew how, short of rewiring.