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I don't think I'd want to revive it, but you seem comfortable working on machines. But it won't ever be as good as a more modern saw with the steel bar keeping it very stiff. The big question is what will you be using it for, resawing, cutting shapes, minor cutoff duty, band saw boxes. I love my Laguna fourteen/12, but I have never seen them offered used. If you're going to use it to turn logs into lumber, you need something bigger and stronger than the used saw, plus a decent blade. I just sold a perfectly usable 14 inch Delta with Carter guides and a Kreg fence for $325, no repair needed.
 
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