Lynnie,
If you can get them to drop it down more (whine about the possible "repairs"), I think you should do it! I bought mine at a garage sale for $150, it sewed like a dream and sold it for $325 a couple of years ago. If you need any help with it, Gailees site for FW has been around a LONG time and she has tons of good info on them there.
http://singerfeatherweight221.blogspot.com/ Good Luck!
