I sure hope I am not doomed, but I won't' be surprised. For now, we are going to apply epoxy. the crack was also kind of a raised blister. When I noticed the crack and took it over to the guys house, we loosened the rod. After a period of time the bump disappeared. Since then, the crack has not gotten larger. By this observation, we have determined that the pressure has obviously been minimized and is most likely at the level it should be (or at least at a better level).. Action raised a little on the guitar, but we are going to compensate by sanding down the bridge a bit, maybe a 64th of an inch because with the decrease in tension from loosening the rod, we do not want excess buzzes. That would not sound pleasing at all.
We are doing this first. If this does not work, then we will have to resort to building a new neck. Our way is, don't do more work if you don't have to. I'm crossing my fingers.