Alvarez RD8C guitar - 'worth it?

Looking to amp-up for acoustic open-mike events, and just wrapped up on asking for advice on a pickup for my Yammy. Looks like the good stuff is between $150-200, so am reconsidering a used acoustic-electric.

Chanced on a used Avarez RD8C, a single cut-away axe with a primitive EQ, asking price $150, with a hard case. Thing checks out OK, only obvious problem old strings. (I've had guitars for many decades, including a couple Alvarez.)