[pat in Santa Cruz]

I noticed a few things in your pics, not all problems, but FYI:

Copper fuel line...a problem, replace it with correct steel

Tillotson carburetor

non original distributor body

by pass type oil filter... don't count on it too much. change oil every 500 miles

4 blade fan, not original, check hub and blades for cracks, its not common, but it happens, the 4 blades are old

brake adjusting screw is pretty far in, might need brakes soon

all tie rod ends, drag link ends, spring shackles look dry. They need grease . Service Bulletins recommend every 500 miles. I would bet the entire chassis needs a good lube job

poor breathing repro muffler

kluged wiring... should be neatly clipped to the frame and with good connections

spiders...yecch. Looks like the frame was cleaned and painted once...it should clean up nicely

have fun, it looks like it has great potential.