OK, so far I have ordered a new tortise P-guard from my friends at Bass & Treble in St. Joe, MO. I dropped off the supercheap 1ply white plastic one for a template, and Chris said no problem, I'll call and check on it later.
They also are looking around for a black single coil cover, they probably have or will have a take-off from a swap. They do tons of repair work.
I have one coat of tung oil on the neck, a very thin coat, and will buff each coat I apply as they dry.
ShortBus, I like a nekkid neck myself. The only reason for the tung oil is I keep reading that a neck w/ no finish will absorb sweat & oil from your hands, along w/ any other foreign substance that comes in contact w/ it, and the neck can warp. I doubt that the maple used for the Squier '51 is top grade, so I'm putting a finish on it. But you're right, a bare wood really smooth neck is killer. I did that with a strat copy I refinished, but got nervous and tung oiled it, too. As for your Tele, the Squier neck looks to be identical to my Tele neck dimension-wise, I haven't tried swapping them, tho.
And if you get a Squier for the neck, be prepared to do some fret-sprout file work, unless you can find one w/ no protruding frets. I haven't found one yet, but all of the ones I've found are made in Indonesia, I don't know about the older ones, they were supposed to be better.