I received this keris today and would say that my gamble was fairly successful. The blade is a fairly well formed old Bali 9 luk blade that is extremely edge sharp. It has a nice clear pamor and well executed ricikan. As a bonus there seems to be a small triangle of gold applied to the blade on one side at the Bawang Sebungkul.
Unfortunately on the reverse side there is a rough patch in this area that may have once held gold and has since lost it.
Someone also covered the entire blade in a cosmoline-type rust inhibitor. I am assuming that this will come off with mineral spirits, but it leaves a very ugly finish for now. And the hilt is stuck in the wrong position for now so i'll be slowly heating the blade to try to remove it so that i can properly clean it.
The newer cheap dress actually doesn't look all that bad in person. With a little work it will at least be acceptable for the time being. It should be too hard to fix the fit of the blade either.
All in all i am pleased and i will post when i can attend to some of this restoration.