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I agree with the others, you may not need a rebuild, smoke is common especially if it hasn't been driven.
As far as Original Engine, you would need a Certificate of Authenticity from Porsche. But if you are dealing with the Original Owner and he has all the records - that would tell the story. He has already told you about the repaint & probably a lot more details so you should be OK.
In my opinion the 69S is the Cream of the Crop ( I had a 69S Coupe). The color is nice and I see a couple of spots, but they don't alarm me.
Good Luck
Last edited by carr914; 02-21-2012 at 06:42 AM..
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