How bad is it? About 1970's TV-sitcom level.
Should you see it? No. It's for Ed Wood completists (and they'll be disappointed).
This is available in the "Big Box of Wood" set, as Ed Wood Jr. has a credit as assistant director, but it's a Stephen Apostolof film. A detective tries to arrest a couple selling phony bonds, but they escape and go to a ski resort (which allows reuse of footage from "Snow Bunnies"), where a rock star's diamonds are their next target. The acting is typically poor, Apostolof's trademark added nude scenes are... well, they exist... and the dialogue isn't quite as bad as Wood would write, but it's not a lot better, either. It's all very tame, particularly when you think it was made by a nudie film director in the 1970's.