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So weird that still nobody really knows. The M20 deffo belonged to the LP sleeve photographer, his family still has it. Richard Thompson seems to be the only person who remembers ND playing a Guild. String arranger Robert Kirby remembers a D28. For Five Leaves Left I'm inclined towards the Levin Goliath he was pictured with in rooms at Cambridge and back home with his family if only because I once played one with dead nickel strings and it sounded EXACT. Other theories are available.
The Guild M20 is a nice alternative, especially for anyone who likes Nick Drake.