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Actually, I did this all a few months ago and thought, "Great, all I have to do is tune this puppy up and I've got myself a home-mode 5-string, Laszlo Varga style (Anybody know how he made his 5-string? I know he used a 3.4 size cello for it, but that's about all I know about it).
Well, just as I was approaching pitch on all five strings, just within a quarter of a tone across the board, the neck snapped off. Bummer. The neck came off cleanly at the glue point except that the little tab coming up out of the cello back was sheared off. That is the structural main strength point. The glue under most of the neck has no mechanical advantage, it's that meek little tab on the back that does the real work of keeping it all together.
So I glued the neck back on with hide glue I found on the Internet, using a candle warmer to keep the glue hot. Then I attached a splint made from doorskin and three little screws, again raiding my wife's hardware leftovers. The split I attached with regular carpenters wood glue underneath. That stuff is much stronger than wood when it cures. Hopefully, that splint will never, ever part from the back tab.
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So there it is: A project no doubt worthy of a spot on the Red Green Show. I think I can expect a congratulatory call from ol' Red Green any day now.