I agree with Fletcher-- longitudinal cracks in the fiberglass (even pretty long ones) are fairly common with older fiberglass laminated bows. Using Loctite 420 to bond/seal the stress cracks is a good suggestion-- I've done it on several older recurves, and they're all fine shooters. Loctite 420 can be hard to find in stores-- I ended up buying it off the big auction site. The reason you want something like Loctite 420 is because it's thinner than regular super-glue; it's thin enough to work deep into the cracks.
I think a reasonable substitute for the Loctite 420 might be "Hot Stuff" CA glue (available at Woodcraft stores). It's a woodworker's quality CA (cyanoacrylate-- like super-glue) glue that's available in 3 different viscosities-- you want the thinnest (watery-est) one. I haven't used Hot Stuff on bows, but I don't see why it wouldn't work the same as Loctite 420.
I think the bow's length (66") and draw weight (42#) make it more likely that the bow is salvageable; the long length and relatively low draw weight make for relatively lower stresses on the bow (as compared to a 56"-58" 55# hunting recurve).
Before proceeding, make sure there are no signs of delamination. I'm assuming the stress lines/cracks in the fiberglass (in your pics) are the only visible structural flaws.
If you decide to give it a go, be sure to use a bow stringer to string/unstring the bow, and definitely wear safety glasses at least until you've shot the bow 50-100 times with no issues.
Like Christopher posted above, you want to ease the bow back into use. Before trying to string the bow, look for excessive limb twist. WEARING SAFETY GLASSES, using the stringer, flex the limbs a few inches (listening for any bad sounds), then string the bow. With it strung, look for limb twist. Assuming the bow is pretty straight, I'd let it sit strung for at least an hour. Then gradually draw the bow slightly and let it down several times. Continue drawing the bow in stages-- a little further each time, several times at each stage. Once you've exercised the bow to full draw, go shoot some arrows. Hopefully she's a shooter.