I assume that the neck relief has been checked and that the truss rod has been tensioned correctly. I bought a Les Paul Junior with a "bad neck" for low $$$. As often happens, the truss rod had never been adjusted, or even tensioned, and by adding tension slowly, I brought things back into alignment. If a neck has really not been tensioned at all, it can pull way up. I doubt if you'll be so crazy/lucky, but check. I'm afraid I agree with your judgment that the cost of a reset would not be justified. Good luck.
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