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I'd give it a squirt of oil and start it, and do all of the things you listed, which are quite reasonable. It is always a good idea to pull the valve covers off to see what is going on in there. I might actually pull the valve covers off and spin it by hand just to make sure the valve train is doing what it should.
Do you know why it was sitting for so long in the first place? What I mean is was it OK and then never ran again because of a non-mechanical reason, or was there something wrong and it became abandoned? Or, do you have no history of it?
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Patrick E. Keefe
78 SC
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