Bending back a bent head tube - is it worth trying? I have a bike that was in a major front end collision (I T-boned a car). The frame is steel and the bike bent at the head tube, the welds seem to be fine. Pictures below.

I am fully aware the appropriate thing to do in this situation is never ride the bike again. However, I loved this bike, it was built by a very talented builder, and I would like to bend the head tube back and build it up as a townie, basically to cruise around to the bar and the corner store.

My plan is to put the head tube in a vice and use the frame as a lever to bend the head tube back. While I realize this is not something anyone should advise anyone to do, people used to straighten our bent steel frames all the time. 

My question is, is there a world where this ever goes well? Or is this absolutely too far gone?
I personally wouldn't ride this frame. The degree of localized distortion means the steel will be work-hardened at that point and will fatigue, crack and the front of the bike will collapse under you. I like my teeth where they are.

Yes, steel frames can be re-aligned if bent, but only if the deviation is spread out over the length of frame tubes, not concentrated in a small area.

Also, you will never get the head tube angle back to what it was, and will probably crush or ovalize the head tube in the process.

If you want to keep the frame, contact the builder talk to them about replacing the head tube and damaged sections of top and downtubes.