@ejaggers,
I did. I made a shim; to find the right dimensions of the shim, I made a layered paper model like this:
View attachment 3441472
After hearing no notable sound difference shim or no shim, I just kept it there. This solved the high action. I also glued the neck crack with cyanoacrylate. Before:
View attachment 3441475
I have no photo of the result; the crack is gone now, and have not reappeared so far.
There also was a problem with the tuner on G string getting loose; this somehow settled itself, as sometimes happens.
The frets would want to see a luthier's file, but this can wait till the problem gets more severe. The action is almost perfect now. How does it sound? Sometimes it's absolutely perfect; sometimes it's a bit too dirty. Needs to be played different way from a fender, as everything is a little bit different: the strings are farther from the body, the distance between strings is shorter, the pickups are in different places, the frets are thinner... I could do more adjustments to make it more 'common', but I felt that with every adjustment I made, the bass gets more playable, but loses a bit of it's weird character. So I stopped before doing anything big or anything that could not be undone.
I take it as a good studio instrument that can be used to obtain uncommon sound. I wouldn't use it in bigband for sight reading, because every careless slip of finger results in harsh sound that I'm not used to cope with. For the money invested, I can't imagine getting more touchy, wooden, true sound. It's definitely worth it!