I assume the steering head isn't where it used to be? Almost everything is fixable, but that looks like a lot of work to make like new unless you have a frame jig and a mandrel tube bender on hand. I hate to be a Debbie Downer, but maybe looking for a straight frame on eBay is your best bet?
If you're determined to fix that one, I'd bend a plate at the same angle as the bottom of the cradle to hide and reinforce the damaged radius. Then I'd either find tube that fits over the stock tube, or tube that's the same size and some smaller tube to use as backing when splicing in the new down tubes. Then weld it all up.
As far as positioning the neck, you can try chalking out a center line from an undamaged section of the frame on a flat surface and passing a long piece of threaded rod through the steering head to act as a pointer to align it with the chalk line. Heat the tubes and put the tip of the secured threaded rod where you want it. Maybe add a couple gussets to the head if you fell you tweaked it a lot.
You wouldn't want to trust this method at 100mph through an off camber downhill decreasing radius curve, but it might get you close on a mini-bike.