They were even used in rallying...
You'd be hard pressed to find a sturdier collection of old soda cans...
I would inspect it thoroughly for oil leaks.
The gasket on the valve cover tends to harden and break up, so unless that is fresh, it will need replacing.
Breather tube from the valve cover to the air filter housing. There may be two diferent housings?
This video shows the same box as mine has:
https://www.youtube.com/watch?v=dNJSP1VUpVI
(Not certain exactly what he's been rebuilding, but it looks like injectors laying loosely over the intake manifold)
On this housing the stub the tube connects to tends to break off. It's very, very difficult to glue that back on and get it to stick...
Spillage there will sooner or later kill your clutch.
The third place it may leak is the oil seal behing the flywheel.
Moistness on the lower end of the bell-housing is 'run away, screaming like a little female sqid' - that's a reference to an online comic, but yeah, fitting.
(I'm working on this right now... )
feel free to also check the coolant for 'peanut butter'...
If the engine is warm when you get here to test drive, seriously reconsider. It may have cold-start issues.
After you've gotten it(assuming no big, red flags during inspection or test driving), do a compression test. One or more cylinder may be down on compression.
(It's a bit of a bother to do this because I bet it has the coil pack that sits over the spark plugs, and getting it back on is... a bother... )
Typically, the rubber seals on the valve stems will have perished. It may be possible to replace these without taking the head off, but I wouldn't know how.
Oil seeping down along the exhaust valve stem is bad. Because the heat there will carbonise it on the stem, which will result in wear on the bronze sleeve it runs through.
(I replaced my seals during a bigger rebuild, where I replaced two cylinder sleeves and the piston rings, also. And I took the time to lap the valve heads so that they sealed better )
It's possible to do all that with the engine in the car...
With good care that engine can live for double or triple the distance.
Tuners have managed to push these up to 138BHp... That's not 'good care' though.