Upside, Actions speak louder than words. He's got to prove to you that he's in this reconnection for the long haul. I would date him for a period of time and see where it goes. He would definitely have to earn your trust and you will need to keep your expectations at zero at all times. Learn to accept him for the man he is today. The man you loved and knew pre-crisis is gone and if he's completed or nearly completed his crisis, he's going to be a mature and yet different man. The new him may even keep some of the mlc traits that he picked up along the way, i.e., they could be good or bad. Time will tell on this one.
I would suggest that if you continue to allow him back into your world, that you try to think of him as a new person and just have a bit of fun and enjoy his company. You can still observe him from a distance...but his actions must be true.
Take things slowly, don't rush the relationship. After all, it's a new beginning for both of you, if his actions prove to you that he's wanting to reconcile and he means it.
Good luck!
Sit quietly, the answers will reveal themselves when you least expect them to. The past is gone, the present is a gift and you need to focus on today, allow the future to reveal itself when it is ready.