It will look great with a display of other period pieces when it's done!
The trouble with these is that just about every one that went into private hands after the war was actually used to destruction and then went for scrap metal.
Of course nowadays most people and certainly anyone who has any idea about militaria recognises that they have much more value than "just a knackered old pushbike"
When they appear at UK fairs they tend to be as much as if not more than a brand new good quality bike but sometimes parts appear in the miscellaneous pile of a dealers table. I will keep my eyes open if you can show me pictures of what you are after.
As for welding that frame crack I am about the same skill level as you by the sounds of it and I would ask a local garage to do it. It is a small job, should only take a few minutes and therefore not cost much especially if you know the garage staff. It would be terrible to "blow through" the metal for the sake of a few Euros Plus as you know it has to be a good weld as that is an area of high stress!
Just a thought
Regards
Mark
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