I would say you did pretty good as long as it is not rusted to heck underneath.
I would not bother to even haul the 301 home though, you can't give those things away, I know, I have one in the garage.
You have lots of work ahead of you but, I paid more for one in worse shape, though it was a 78 400/4 speed, but that's meaningless if its getting the full treatment.
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