So aside from the hotrod project I'm also looking to replace my daily driver truck, right now I drive a 95 F150 (oh, for shame!) which I have a buyer for, I was looking at this truck; http://anchorage.craigslist.org/cto/1076264251.html The current owner has had it since 2001 and had the trans rebuilt 2 years ago at a reputable tranny shop. He believes it is the original engine. What should I look for on this for common problems? Do you think the engine is nearing it's end? I have owned several pre-87 GM trucks and a couple newer ones (99 sierra & 02 avalanche) but none from this era.

I drive 3/4 of a mile each way to work 5 days a week and occasionally haul the wheelers out to play on the weekends. so I dont mind the bad gas mileage so much.