any decent graphics shop can take a pic of that logo, digitize it and print a thin vinyl transfer (decal) that virtually no one will know from original. there might even be something online already they can pull from. then you can do what you need to with the neck and still keep the 80's feel with the decal. i second the opinion that the body could be basswood. doesn't look good in a natural finish (IMO) but nice because pretty light. have fun deciding what to do with it. if the neck is good, that plus the tuners makes it a total score!
. Check back with me later if you love it.