You're probably right, especially if you have the proper woodworking skills. Most of the abuse to the front will be covered by the pickup cover, pickguard, and the bridge. Well, it should be fine, as long as there is enough original wood to keep the integrity of the neck joint.
That brings up another point of contention - the neck. No mention of its condition - is it warped? What condition are the frets in? Does the truss rod move freely, or is it frozen? The neck could be a deal-breaker.
