Everyone has gotten me thinking. Originally, once I found out the neck just can't be properly adjusted, I thought I'd part this thing out to get some money back. However, after all of this debate, I realize I have a pretty unique guitar. Even if it's part homemade/ part factory, and regardless of who made it, it may be way cooler to make it playable. Reset the neck, maybe add wood under the fretboard at the joint in order to correct it? Perhaps that's why fate landed it in my hands? I also feel like this ugly duckling has gone on for decades - who am I to end its life? Yes, it's an anamorphic fallacy but I think we all look at our guitars as living beings. It's like I've adopted some stray mutt that can either be euthanized or washed up, shaved, dewormed, given love and played with.
So my next question for all of you Guild masters is what would you do to fix the neck. I've never even replaced any hardware other than pickups. I'm certainly no luther.