Definitely get another opinion from a qualified repair person. "Restoration" probably includes expensive refinishing and cosmetic work. You mostly want it to be playable and stable, which might require a neck reset, regluing the bridge or braces, and similar work which will be much less expensive.
I suspect you mean a high Hawaiian "steel" set up, aka slide playing. Slack key is a Hawaiian playing style, notable for fingerpicking, alternating bass, certain phrasings, and alternate tunings. I play slack key style and other fingerpicking on all of my guitars - with normal finger style setups.
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