From what I can see, this gun is well worth a measured amount of resto. The crack/split/repair you mention is key to the biggest concern. Wish you had posted a photo. Again, it seems that a limited resto that preserves the gun's age and patina might be well worth considering. However, this may not be a gun to "learn on" if you are a budding hobbyist.
And the price you paid isn't out of order if the barrels are sound - outside of the blue finish that is.
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