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When the area around the pivot pin is damaged generally it won't hold the blade as tightly as it should. Makes stropping and honing far more difficult. If it will hold the blade snugly it might be...

From what I can see of the blade it would clean up and hone up alright but if you're going to strop and shave with it you'll need new scales (handles) IMO. By the time you get done you might be as...

Sure, it is probably better than any other form of shaving for someone with sensitive skin. Welcome to SRP. Here is the SRP Wiki where you'll find the beginner's guide and tutorials on all things...