Examine it very carefully along the wood line. I've seen some of these that look good until you look there very closely. If you see pitting there, it is probably pitted badly under the wood. As for the price, if it's a long rifle, uncut, unmodified and in decent condition, that isn't a terrible price but you could probably get it for less, make an offer. Short rifles rarely get anywhere near $200 in my area, auction is less than $100, dealers and shows $130-$160.

Only long rifle I ever saw was about $150, looked real good except for that pitting along the wood, I passed.

Accuracy with currently available ammo is not good but it isn't the rifle, it's the ammo. Handloading will get you good results.