Is it in working order, or not?

If there are too many cosmetic issues, I'll usually pass. Also, prior cosmetic work doesn't always tend to be as professional as described.

It's not sounding like a bargain from what you're describing. It's probably closer to a $50-$100 game.

See an old ad for one here: https://pinside.com/pinball/market/classifieds/archive/20143

The number of plays on the meter doesn't matter too much--condition does. Besides, that meter could have rolled over once or twice in its lifetime.

The worst it can be overpriced by is $250! If it brings you happiness why not.
Lockdown bar seems wonky.

Well, the photos sure look better than how I read the description.

To be fair, this game is in much better shape than the one I sold for $80 in your example.

Yep, it certainly is.

I paid twice that for mine and yours looks as nice as mine. Backglass looks pretty good most are badly flaked. Looking underside of Playfield will tell you a lot. My game had 76,000 on the counter.