Of all the things I've learned about Vincents, this is the most important: Vincent sold bikes, selectively assembled, that would do 50,000+ miles without trouble. They didn't ask for your craft certificates, just for £500. Then they didn't expect to hear from you for 50,000 miles. If you want to do the same, then your own bike has to be assembled with similar care. If, as you say, many hands have been on it, then the chances are is that they were eliminating symptoms, not diseases. If you build it as new (which means getting the running clearances right - my engine and gearbox, now at 61,000 miles, have 90% of the original parts, but the clearances have been restored "as new"), then it will be a delight, and a reliable delight. Many years of screwing up taught me the necessary skills, which is my good fortune. But there's no arcane secret to what I did. I did NOT strip it down when i got it, I rode it. It went OK. After a year, I knew what it needed. It got flywheels made of decent steel (mine needed them, yours may not), main bearings that wouldn't go walkabout, new liners (oversize OD) in muffs that gripped them (I would say this was essential, age and miles slacken them), and new, sealed, valve guides. Really, that was it. I reckon it cost me about £3000. A bargain: because now I have 1) a Vincent 2) a Vincent that goes like shit off a shovel 3) but which is perfectly behaved in city traffic and 4) although I shouldn't say this for fear of provoking the gods, needs almost no maintenance.
It's a BMW, but with charisma in spades, and much, much noisier. Hasn't pulled one of those foxy models adorning the pillion seat in BMW catalogues yet, but hope springs eternal...