Gee, I wonder what color it used to be . . . . I wonder if the neck pocket is still blue as well.
This is a no-brainer. Mississippi built Peaveys were just fine ( . . . . if only they still were . . . . ), it's already stripped, and you won't have to buy pickups ! And I really can't think of many six-pound basses, which would make me think that the body is poplar, just seems a bit light for alder or ash, but there's worse problems to have.
Joey