Here I am thinking "Banty" rods are something new and Mt. Man comes up with one built easily 30 years ago.
Congrats on your special find.
It will not take much to remove the ferrules with a little heat. If you can't get it off, check for pins holding them on too. Clean the old glue and then epoxy the ferrules on again.
For the slight set in the tip, again some gentle heating and a soft touch easing it back into line.
If the guide wrappings varnish look a little thin, you may want to apply a coat or two of some spar varnish on them for additional protection.
Try a 3# or 4# line on it.
"I envy not him that eats better meat than I do, nor him that is richer, or that wears better clothes than I do; I envy nobody but him, and him only that catches more fish than I do." Izaak Walton
God Bless and Tight Lines ----*<(((>< ~ ~ ~