on the contrary andrew. the vega company has a long history, and at many points they made excellent banjos. you probably have a seeger long neck. action is pretty easy to fix. sometimes i just make taller or shorter bridges, but yours should have coordinator rods, which can also adjust the action. it might also be a truss rod issue.
if you really want it set up better and you can some how drop it off here sometime, i can see what i can do. im not really an expert in modern banjoery, but i fix instruments for my friends from time to time.