Most of it's fine. I did a new water pump, new thermostat, new throttle cable, new alternator, new o-ring on the dizzy, sent the injectors out to Witch Hunter for cleaning and testing, full valve grind kit, all new cooling system hoses along with a rear heat delete, new heat shields, replaced or polished every bolt, nut and washer that came off under a wire wheel on a bench grinder, new PCV and new grommet, painted the valve cover and then eventually went on to replace the entire exhaust system with new OEM pipes, Bosal SS cats and a Walker Aluminized steel muffler.agreed on that, if you know that you have good parts they can be serviced and put back into service its going to save some money doing it that way. and theres always used parts floating around on the classified that you can pick up cheep, build and install when needed.
Here is a video that I shot the first time I started it up.
The photo is of what I started with. Quite a transformation if I do say so myself