For what it is.....Baker guns are a fine piece of very nostalgic Americana. The example you describe would be a nice piece to occasionally shoot and hunt with. Ive owned a few Bakers over the years, mostly Specials & Leaders, never could find or afford a Paragon. I like Bakers much more than I like Smiths, thats a personal thing though.
If it was me, and the gun checked out, I wouldnt hesitate to buy, shot & hunt it.