[J. Perrault]

Thank you for the support everyone.
Javadog,
Thanks for the numbers and yes, I am hoping for the first scenario of valve adjust. clutch, leaks etc. (wishful thinking)
Spoke with an older guy who runs a shop 30 mins away about the P.P.I today. I knew this was a low price, but he quoted $150 for a P.P.I.
I asked about a leak down test, etc. He claimed everything he needs to know can be done in a few hours, visual and road tests are telling to the engine heath, head studs, valves etc. I'm a little disappointed, but he certainly seemed to know the older cars and did not sugar coat anything.

This is the other thing, In the North East and there's not many air-cooled cars around, at least cars that come up for sale and I swear they are more than a few thousand dollars more here.
The thing is, the owner will sell for 10k. and has not advertised the car yet.
I figure that's not too bad...until I look at the repair cost.