You are correct. I've not seen a weak Mat. One of my other Mats has seen a fair amount of rough treatment and is still one of my "go to" guitars.
It's hard to put a price on it. I don't forsee having more than $200 total invested but I'm not charging myself labor (although I thought about it
). $350 might not be too bad depending on the quality of work done. Especially if you need a bridge. I found one that I like (nowhere near original) if I decide to go that route BUT it will take a fair amount of labor to make it operational. I don't mind except it will take longer. Patience is not one of my strong points, ask my wife.
This isn't a full on "restore". I want to keep it as much a Mat as possible but I also want it to be functional for a long time. I understand the saddles are probably the weakest point here. Also, if all goes as planned, gold hardware will look good with the color I have in mind. Normally, I'm not a big fan of gold hardware but this guitar is a bit special.
Hopefully, I'll know a little more about the direction it's going soon. Not that I'll tell but I'll post pics.
Thanks JB. This is an opportunity I would not have had if not for you and Crusty.