Roosie, that wasn't quite the diagnosis now was it??!!

VVT is Fooked
Cams are Fooked
Bottom End doesn't rattle (but that doesn't mean its necessarily good, after all the previous owner just threw a set of shells at it)
Turbo Gaskets are non-existent
Rear Brakes are shot to pieces

Apart from that its as good as a 160,000 mile Automatic S14 gets.