A 110 body will fit on a 109 frame, but that truck has a new, coil sprung, 110 frame. Maine has a title class for "home built" vehicles, as do many other states, though since the owner is saying it started as a 109 restoration, I suspect all that is 109 is the ID plate.Also, Maine registrations are VERY easy to get. I know, I had 2 motorcycles registered through the mail( note that the seller has a NY phone number). Since you can't take it to the dealer for 'warranty work' It is going to be worth less than a factory built 110, but I would not be scared off bidding, Jonesy, if the price was right for you.
The seller seems to think he has something original, but I know of at least 2 NAS110s that were repainted conniston green, and have the distinctive NAS rollcage. I'm pretty sure he bought this body shell and rolling chassis from RDS and finished it off. There's nothing mysterious about building one, as every part is available. They go together like an erector set.
The seller is deffinately a talented "used car salesman" with the writeup, but I wouldn't be so skeptical that it isn't what he says it is.