Well, I would replace the starter with a mini from the boneyard first. Keep the plugs out of it, and make sure you have a really good battery, or two of them. Make sure the battery cables are new. I would also drain the oil, and replace it. You can leave the filter, it's going to be changed after anyway. Oil develops acids from sitting, a cobination of fuel contamination and moisture. You dont want it pumping thru the engine. If you can get an oil priming shaft, use it. If you cant just use the starter, but dont use the key to turn it, jump the fender relay. turn it over with the starter until the oil pressure gage comes up. If possible, use a hand help mechanical gage, to make sure you get a reading, and the car's gage isnt just busted. Even if you use the priming shaft, you'll need to turn the engine around to get the top end oiled. You'll be able to hear the oil pressure come up with a drill on the priming shaft, you may not using just the starter. After you get oil pressure, put the plugs back in. I'd run the car off a gas can with the fuel pump. You dont know what has crawled in and died in the tank..lol. When you have it set up, use the key, and fire it up. I'd also put an air filter on it...flying nuts and debris from the fan will go right down the carb. Check the fuel system for leaks right off. Keep the rpms up until it gets some temp in it, and all the stuff burns off the pipes. Then you can set timing, idle mix and rpm. Oh, and what ever you do, I would get some decent fuel for it. If it's really 12:1, pump fuel could hurt it. The only way to know what you have is to pull a head and measure stuff, including the cam. Good luck. Do it right, and you shouldnt cost anything more than time, plugs, and 2 oil changes (change it and the filter after it's warmed up) plus some decent race fuel.
