If its what you WANT then its silly to try to talk you out of it
....but, the return on an investment of this size is pretty small.
I have toyed with the notion myself and resigned to just wait until i want it bad enough to buy a fat cat.
I have a 200e frame in similar sad shape. I have it as a back burner project to make a stripped down to near nothing rigid front franken build. Should be good to absorb the surplus of parts i have that wont fit my ES's
I was born and raised on Venus & I may be here a while.....