is this a good deal?

If a slant is what you are looking for than I guess thats not a bad deal.

I would resell the trans to try and recoup some of the funds.

as was mentioned before the 80's was low compression and detuned so you would be looking at piston/head work... swapping out to a performance intake and 4 barrel carb and a header would be a good idea....a few other odds and ends and I am sure you could have a peppy slant.

I see alot of slant guys mention using turbo's....maybe thats something to look into?

then again, im not a /6 guy.

I picked a hopped up 67 318 bored .30 over with after market intake and carb and some other stuff for $200 including starter,alt,pullys,fan belt and all.....given it was all in need of clean up or rebuilding besides the engine which only had 12,000 miles on it (I rebuilt anyway and put alot more money into it).

I guess it depends on how you look at it ....a v8 can be a challenge aswell you just need to challenge yourself to do something different to this v8 than you did the last I guess.

good luck and do what you feel is right