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1978 Precision

...here it is in flight...
 

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That bass had a slim contoured veneer rosewood fingerboard and it has been replaced with the slab ebony fingerboard probably by the previous (or by the original) owner. No ebony fboards back then.

Look at my '77 P bass:

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That bass had a slim contoured veneer rosewood fingerboard and it has been replaced with the slab ebony fingerboard probably by the previous (or by the original) owner.

+1
Yup, looking closer at the headstock end, you can see the flat cut slab how the ebony was glued to the maple. Fender would have done a curved laminate as Flaked Bean pointed out.
 
Since the late 70's and early 80's aren't really regarded as a prestigious time in collectible history, it won't much be affected value-wise as long as it was a pro-job. Pop the neck off, you could still get probably 75% of the value it was worth without the mod. The body has no affected value, of course. Since these necks run $400-$500 you could easily get $300-$350 for it if it was a pro job. Not a huge affect; the time and money it took to do something like that was the real value-loss. I just sold a late 70's neck with truss rod issues for $375, if that's any indication.
 
I'm still not entirely convinced that it is a luthier job. It has had the frets and not replaced and whoever replaced the nut slightly damaged the fretboard getting the old one out so if the fretboard is a replacement it would follow that it was done very early in it's life. Also, the dots along the top of the neck seem to be the same wood.