The action was always rather high and I always had difficulty keeping it in tune. I didn't really care much because it would only come out to play when I was sitting around a campfire in the summer or at sea during my time in the Cdn Navy. It has suffered much abuse but still sounded OK. Last year I was thinking about getting rid of it because the strings were so high and the local music shop said it really wasn't worth the money to have a luthier lower the action. Sooooooo.
I took it home, removed the strings, took out the saddle height adjuster and ground the bottom of it down enough to lower the strings. I couldn't lower it enough without the bridge interfering so I put a flapper sanding disk on my 4" angle grinder and shaved almost 3/8" off the bridge. The old plastic saddle was so brittle it broke into four pieces when I tried to take it out of the holder so I replaced it with a new bone saddle. I was then able to reduce the tension on the truss rod to give it a bit of neck relief. I still have to finish sanding the mahogany bridge to remove the marks from the angle grinder but it doesn't look too bad.
One thing I noticed already, with the lower action, and the adjusted truss rod, the intonation is much improved and it stays in tune much better. But, I noticed today that I am getting a few flat spots on the 1st, 2nd and 3rd frets under the 3rd, 2nd and 1st strings. To many campfire GCD songs I guess! I don't know how difficult it will be to change them but I but I don't want to ruin the fredboard. It still is in great shape.
I have some pictures on Photobucket. The url's are below but for some reason the right side of the pictures don't seem to show.








