Well, the latest update is the engine runs. My Dad hired a mechanic to take a look. In an hour he had readjusted valves (informed us we need a valve job), compression check on each cylinder (he advised rechecking after rings get run in) and retimed engine (just a tad over 180 out). I didn't hear it run, but my Dad said it sounded excellent. Mechanic happy, Dad happy, I'm happy. Might just have the mechanic install the engine.......