318 at Hendon was not ‘cut up’. Vulcan structures were built at Chadderton and they were transported by road to Woodford for final assembly. 318 was dismantled and reassembled likewise. Any other Vulcan could be thus transported.
I have no idea of how carefully 318 was dismantled and reassembled but I reckon it would be a much better prospect than any other airframe.
At the end of the day, it is far better to have one aircraft well-preserved than two or more rotting away.
I have a sequence of photos by Bruce Woodruff of 318 being dismantled at Scampton:
http://www.avrovulcan.org.uk/XL318_dismantling/index.htm
Sample:
