Update time, it looks like my luck is even better than I thought.............
Water pump that was originally seized is now moving again, and able to pump water
Timing chain appears to be as new, certainly with no disclocation or distortion
The starter motor bendix has had it though. It is almost ready to disintegrate. Either a replacement will be required, or it may be possible to silver-solder it back to a usable condition
Lucky the engine was not able to be started, just check the amount of gunk in the sump
Crank is underground by 20 thou according to the shells
Flywheel is good, but unfortunately the ring gear needs to be changed as it has an incorrect number of teeth for the starter motor bendix. It is close, but then lined up, there is a small discrepancy, hence the damage to the bendix
Clutch is as new
Valves are all in very good condition, a bit of carbon build-up but nothing else
Valve springs are like new. Not even any carbon marks from being in oil
Pistons are as new. They even have the bedding-in marks on them still. What is even better is that they are 4-ring ones, not the 3-ring ones. Conrods look the same
Inside the almost bare block
Only bit I am having trouble removing at this stage is the locating peg which holds the oil pump drive to the camshaft. This needs removing to remove the cam. It appears to be stuck in place. Most likely will be a bit of light oxy-acetalene to assist removal
Bear in mind that all the bits above have been photographed EXACTLY as they have come out the engine, no cleanup at all. IT is staggering how good the condition is.
Next is to face the block, hone the bores, remove 1mm (60 thou) from the cylinder head and start to reassemble once the block and head are painted.