When buying a used engine, expect the worse case unless you know the past history of the engine. I'm considering buying a TC big valve engine that has been stored in a garage for at least 10 years. According to the seller, the TCS with the engine installed caught on fire inside a garage and the body work was destroyed. He managed to save most of the non flammable parts including the frame, engine and most associated metal parts. The engine was rebuilt by the owner previous to this one by an automotive machine shop in a small remote Central California town. He has all of the paper work of the work done by the shop and it details all of the expected steps done on a rebuild including balancing the entire rotating assembly.
I took a look at the engine this morning and I don't see any evidence that it had been in a fire. According to the owner, the engine rotates freely. He is asking $7000 for the engine. Since a compression test is out of the question, I've asked him to do a leak down test. This should give me a good idea of the state of the bores and valve seating. The engine was on the road for about a year after the rebuild and before it was sold to the current owner. Are there any other checks that I can do to confirm the condition of the engine besides the leak down test?