Hi all,
After toying with the idea of making some modifications, I'm just going to move on.
It's in good shape, maybe a bit of puckering on the leather at the bottom and a smallish stain on the top flap (shown in a photo but it's kind of hard to distinguish from a shadow) are the only issues I see.
I will note that unlike the current bags, there is not a connection point for the seatpost, which is one of the complaints I've had with it.
Asking $160 (PP F/F) plus shipping or trade +/- some cash for a good size saddlebag that does have a seatpost connection (Happisack, Baggabond, one of the many nice Carradice-style bags out there)