I made the recording over the weekend.
First, I aligned up the cracks and used super glue on the rim to hold them together for cleaning. I also had to repair some grooves on a part that was slightly gouged.
Next, I set up the spare turntable with a cartridge and a stylus that was too worn to use but not enough that it would gouge the grooves and test played the record.
I expected three loud clicks for each revolution where it was cracked and either skipping, repeating, or a scraping sound where it was gouged. The cracks had a barely perceptible click and the only problem with the gouged part
was one dull pop. It worked out to a Goldmine grade of VG, and as a matter of fact, if the previous owner had taken reasonable care of it, the record would have sounded NM.
In other words, I got a recording that I can listen to and enjoy.