I would definitely attempt to repair it and display it. Because it is so fragile, it might not hold up using it every day.
A fried of mine showed me the remnants of a quilt that belonged either to his mother or grandmother. Since each grandchild wanted it, they decided to cut it into pieces and frame each piece so that they all would have a rememberance. I was shocked to hear this and could hardly believe it if I had not seen it. I for one could never do that, but I quess that was the only way to solve the problem. Lucy