I think he is over valuing the motor. New pistons are like 240 for 6 new pistons. Main bearings are in the 150 range, rod bearings are less so on the high side lets say 120, a freeze plug set is under 20, a timing set is no more then 80, and a new or reground cam 200 or less. So about 800 or less for parts for the block. The head, new intake and exhaust valves, if they were replaced to begin with, would be say 200, guides are less then 60, o ring seals are less then 20, springs are 150 on the high side. So for the head, assuming everything new, 430.
So parts for both, 1230 on the high side. If the motor is clean, not rusted or dirty from sitting, and he really wants to get it moving out of his shop, he will need to sharpen his pencil pretty good, at least in my opinion. He is going to take a hit but that is the way it goes sometimes.
Thanks to all for input thanks for helping me on this turning out to be stressful and really appreciate your breakdown dragsix so I send the engine builder a message that I’m going to pass on the engine and run what I have for now see what happens in the future
Again thanks to all of you guys.