Well we continued the tear down. Just need to pull the heads now. Everything still looks remarkably fresh with zero signs of sludge, wear or deposits. I will likely pull the heads tonight for final eval.
We decided to make up for our low cost investment so far by ordering some new parts today
From Summit we ordered up a new Felpro complete gasket kit (high perf), a new Ford Racing A321 intake, a new Edelbrock 600CFM carb (model 1406) w/ electric choke and vacuum secondaries , motor and trans mounts, aluminum Ford Racing valve covers, front sump oil pan and an aluminum air cleaner assembly.
From Mustangs Unlimited, we ordered a T5 trans crossmember.
We still need to figure out/order headers, radiator, oil pump (and pickup), driveshaft, various linkage components, etc..
A forum member is providing us w/ an '85 distributor/duraspark setup at a very reasonable cost.
What do I need to do with regards to the dipstick/tube???