My first thought on the barrels is don't be so sure they cannot be restored. I thought the same thing on my C grade Bernard barrels. After having some knowledgeble folks look at them, I am now shooting this 1893 Parker. My advise is to get a research letter. After that you will have an idea of how this Parker shipped from the factory. Then, consideration should be given to re-using as many of the components original to the Parker as possible. When you are finished you will still maintain as much of this Parker's originality as possible and that is very important. IMHO.
As for price, if in the condition you describe with the work needed I would try to get in it under $1,000.
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Threaded Mode