It is a very terrible thing to be a god and I don’t really recommend it.
I feel like this sentence gives us a lot of insight what the old man is like. He is a a very philosophical man and it feels like he's been through a fairly severe existential crisis which could've ended bad. It is clear that he's contemplated a lot on whether God is actually real and if there's a possibility that he is a god. I suppose he's concluded that a person isn't capable of fully understanding the question and has decided not to worry about it.