Whooa. Well, he had just about the altitude to bail. Ans slowing down for an emergency landing would have meant a fireball I guess. Must have been a dreadful 10 seconds to the guy. 
His crew told him to bail. The chase plane told him to bail. His foot got stuck between the seat and cockpit side getting out. The plane trim was set for 450mph racing, not 200mph bailing out and it kept rolling to the right.
It sounds like he hit the tail getting out. Broke his leg and arm, messed up two vertebrae, whacked his head and lost his helmet. The chute barely hung together.
He is lucky to be walking as well as being alive.

As for the plane, it is my understanding that a data plate "counts" as a warbird. So, if the rebuilt it from the ground up with the original data plate, it would be a "real" Corsair versus a replica.
I always wondered if the parachutes were anything more than wishful thinking, "just in case". I guess they aren't.
wrongway