It would definitely be considered a 'guilty pleasure guitar.' I guess if I found a red or black one real cheap, I'd have fun turning it into either a 5150 or a VH II model.
I doubt I'd take it outta the house, but I've always secretly wanted a black/yellow
VHII guitar. Only mine would have the regular Floyd, not the one without fine tuners, like the original. I'd also want the strat headstock, like the original.