That was a great buy! I haven't had any trouble with glue coming apart. That one looks like it was not abused so the glue should be in good shape if it isn't delaminating anywhere already. I would refinish and re-wrap and fish the heck out of it! Go a size larger on the guides so modern line will flow through them a bit better is the only change I would make.

Taking a second look at the photos, I'm not sure that even the refinishing is in order.