First, Welcome to the Forum, Jason. Second, AFAIK your guitar has a bolt on neck. The bolts aren't for adjustments. From Music Center Filibe:
Your issue may be as simple as loose bolts, which shouldn't cost near as much as a reset and may be a DIY project, but you could be in for serious expense. I have no idea what issues are involved with the Fiberglas neck block but that could easily account for some of the added cost. $1200 is still about twice the going rate for a reset on a normally constructed guitar, and bolt on neck resets typically cost less than that. I'd let Freeman get back to you after he has a chance to look at the one that's coming into his shop.