This one went through a long and torturous build process over almost two years. All I can say is don't believe the "advice" you find on talk_ass. However, in the end, it turned out to be a pretty nice instrument.
This is the big brother to the Silvertone 1448, vintage 1964-67. Construction is basically the same, but with a full-scale neck, two pickups, and a much better amp. For a lot of details, see the 1448 page. This guitar is in excellent condition for being almost sixty years old, and apart from cleaning and re-stringing, it needed nothing.