I saw a post once by Tim Lederman that he wouldn't touch a vehicle brought to him by a friend (keep me honest Tim) until it had new plugs, points, condenser, battery (at least good), and I'm sure I missed something. I recently rescued a restoration gone bad (my 54) and we did all the above plus a compression test(wet and dry on all cylinders) and changed the oil pouring plenty across the rockers with valve cover off. Poured some gasoline into the carb, making sure to get some into the little opening into the bowl to feed the engine until fuel pump kicks in. It started right up, then we adjusted the valves and made sure oil was bubbling up, water was circulating, etc. These old engines want to run.
Good luck.


Allen
Yeah, well, that's just like, you know , your opinion, man - The Dude

1948 Chevy 3600 - goal Original restoration, Current Stage 1 - Disassembly and getting body in primer
1954 GMC 3100 goal Hot Rod, Current Stage 1 - Get body in primer
1931 Ford Model A 5 window Coupe - Old Skool Hot Rod
1945 Ford 2N Tractor - Runs great
1964 Ford 2000 Tractor - Use it every week
1974 Stingray Corvette