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Thanks all for the quick replies and insights. Books are on the way for some light reading.
How about steps to diagnose the extent of work that will be needed. Should I do a leakdown/comp test now? Get the oil analyzed? Or is that just foolish and the full monty will be prudent regardless given the mileage (could be 300k) and lack of any record of a previous rebuild? I guess it's possible that there was rebuild, then the car sat and then the studs broke...
Any opinions on the value of matching numbers in a car like this 10+ years down the road? How about 5 years? I would consider swapping in a rebuilt 3.0 and selling my core - could save big money and time.
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