200 OTD?
I would phrase that 'Running out the door'
Nice find.
As others mentioned, you should first take it out and shoot it to see if you want to keep it.
.22 mags can sometimes give sticky extraction, so use a fired rimfire case over the ejector rod to protect the threads while searching for a replacement.
The screwed don't look boogered so there is every chance that the internals haven't been messed with.
Pull the sideplate and apply some oil judiciously.
If it were mine.
Finish loss on guns I shoot has never been cause for the slightest concern for me at all. Abuse is something else but this gun just looks neglected.
Dferriswheel - Colt forum - has a sticky on proper method for re-polishing the sides of the hammer. I would also properly repair the chipped grip.
Never have seen that crack on a rimfire set. I've bedded my .38 and .357 full checkered targets though as that crack is in a very familiar place. Weak spot in the design with the wood grain angle.
The quality of a blue job is entirely dependent on the polish. I agree with Saxon that any refinish takes the gun out of collector status, at least for our lifetimes. The gun is not a 130 year old SAA.
Your gun is not in top collector grade obviously, but it is an original 1st or 2nd year rarer model, so tough to make a market call.
Since Turnbull won't touch it, you could get in touch with Colt if you want it looking new. Long wait if they will do it.
If you are selling it, I sorta think that letting the next owner decide might be the best way to go.
Enjoy it while you make up your mind though!
JT