If the neck is straight, the action good, and the sound great, I don't see how you can go wrong.
Yeah--agreed--if it's all that, then you have a good old guit that's pretty, and not just good and old. But yes look closely at the neck on any old guit.
Although--my main squeeze is a Gibson H-bird. I've played old Japanese copies (Lyle, Suzuki, and I think even an Aria[?]) and there's no comparison. And the newer Epi copies are quite unsatisfactory. Not well-made at all, and dull-sounding.