My car had sat around for awhile when I bought it, everything was sticky (no jokes PLEASE!) after driving it regularly for a few months the doors, and everything loosened up and things started working pretty well.
If that is a good head (PLEASE no jokes!) $200 would be a good deal IMHO
Dunno - how bad is the bottom end (NO JOKES!) pistons, rods, bearings? could be very expensive.
On the other hand my PO broke the timing belt and only had to have the top end rebuilt.
Best case scenario = $500 car $200 engine fix, you would win the best bargain of the year, possibly decade!
Although you already know you are rolling the dice,
worst case = long painful cashectomy
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Gary Fisher 29er
2019 Kia Stinger 2.0t gone 
1995 Miata Sold
1984 944 Sold
I am not lost for I know where I am, however where I am is lost. - Winnie the poo.
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