Thanks for the interesting discussion.
The violin sounds great to my ears (for my amateur old time playing). The guy I purchased it from had recent work completed: crack repaired, new fingerboard, nut, bridge, tailpiece, so it's very comfortable and easy to play. Compared to the other trade fiddles I recently played, this one sounds as good or better, and plays much easier thanks to the fresh setup.
I'd be interested to know if the other AW trade fiddles have the same "Adjusted" designation on the label. To me, "Adjusted" could very reasonably mean setting the bridge and sound post, and hanging it on the wall for sale. If he did re-graduate and finish trade fiddles, like the research notes, maybe those labels say something else? I believe the bench-made fiddles all have a number, along with the month and year.