Yes, what a great find. I would make it safe and enjoy it as it is. I have a 59 Viking 40 (1 1/2 ton). Mine also had been changed out to a 292, very good engines. Very cool when they're restored, but resale value is a killer.
Have fun with it!
John
~ J Lucas 2006 GMC Envoy 4.2 I6 2023 Ram 2500/Cumins 6.7 I6 2010 Jeep Grand Cherokee (Wife’s) 2002 Silverado 2500 Gas 6.0 1941 Chevy 1/2-Ton 1942 Chevy 1.5-Ton SWB In the Gallery My Flicker Photos!