That was a HARD hit. I guess if the bike was an expensive model, a very valuable classic, etc., you might start looking into stripping it down, doing a very thorough inspection and maybe deciding to replace the fork and ride. But it's not and further, it looks to be in rough shape overall. There's a fine line between being intelligently frugal and being cheap - to me, trying to fix this up and continue riding it is the latter.
- Mark