by cheepaxes » Tue Feb 03, 2009 8:45 pm 
			
			When I was in Jr. High I had a friend who's older brother owned a couple of Teiscos like that.  This friend loaned them to another friend of ours who was going to strip the finish off them, to make them sound better, sort of like Lennon having the finish taken off his Epiphone.  Unfortunately friend #2 didn't really know what he was doing and managed to ruin the guitar bodies.  The older brother was angry, though by that time he owned Gibsons and Fenders so it wasn't the end of the world.  
Re: the tremolo, before I gave up on it completely I might try working with it a little.  ISTR someone telling me that the joints in the trem can be cleaned and lubed and that will sometimes fix problems with trems not returning to position.  Then there's the old tricks like putting graphite in the nut slots.
Good luck,
-Scott