Estate Peterson Spigot 120 w/ Question on Condition Issues

I just bought a Peterson Spigot 120 basically sight-unseen for $80 (I saw it in a far away shot of about 15 pipes and I said "I'll take the spigot!"). It came in today and I've been trying to clean it up a bit. Overall it cleans up nicely, but there are a few condition issues. There are a couple of gouges on the outer edge of the rim, the inner rim is pretty dark, and there is a nice ding in the silver cap on the stem. These cosmetic issues, while unfortunate, no doubt contributed to the $80 price point, and overall I still think it's a fine looking pipe.
However, the chamber shows some serious over-reaming which I tried my best to capture below. While I can't exactly stick my finger in them, there is some crater action going on in there. Should I be hesitant to smoke this pipe, or make sure I smoke it far less frequently than my other pipes? I'd obviously hate to burn through the bowl,but I would also hate to not be able to enjoy this beauty as often as I'd like.
Also, does anyone know if this is specifically a "Smooth Spigot", or otherwise? The stamp on the shank simply says "Spigot". Thanks for the help!

Thanks, gents. I was mighty worried when I first saw it, I’ve never smoked a pipe with reaming issues. She’s a bit beat up, but still nice! I looove how easily the spigot goes together and takes down. Might have to grab a couple more.

Thanks, Anthony! I’ll be honest, the 120 wouldn’t have been my choice if I was buying new. I’m quite fond of smaller billiards like the 6 or 15. But for the price, I had to get my hands on a spigot. Wish it was in better shape, but hopefully it smokes fine just the same. I’m drying out a maiden voyage bowl of Gaslight as we speak. Fingers crossed...

Thanks, Mike! I believe this is from 2015 based on the capital E hallmark. I was hoping it might be more vintage, all of my Peterson’s are hallmarked 2012 or later. Would be cool to stumble into an older one some day.

First smoke was not a success, but it was no fault of the pipe’s. I’m not completely comfortable prepping and packing Gaslight yet, I think I packed it too tight and didn’t rub it out enough. Had to draw far too hard, flavors were muted, loads of relights, and I think I had some tobacco clog the draft hole. Kept getting a ragged tearing sort of gurgle that didn’t really feel like a moisture problem. Live and learn! On the positive side, the pipe is incredibly lightweight and didn’t get hot at all, even when it was periodically burning well. I’ll try it again tonight with H&H Black House and see what sort of results I get.