Here is a picture of the engine I received today. What can you guys tell me about it?
From what can be seen in the picture, the car is an older restoration, set up for driving, not for point judging on a Concourse. In some ways, this can be preferable, other ways not. Older restorations usually were not as meticulously restored as are show cars today, but were intended to be mechanically sound.
Your engine picture shows several minor incorrect features for the year, all of which also show that it has been driven a fair number of miles, a good indication, as I'm sure you want a roadworthy car. The only major incorrect item is the cast iron heads, which again, are more desirable from a reliability point of view. The big question remains as to the internal condition of the engine, and whether it is a babbitt engine or an LB engine, or even a 1937-38 engine, which would also be preferable to a babbitt engine.
It appears to have an Easter color: Bambolina Blue, available for a short time only as an option in the Spring of 1936. The condition of the paint that is shown in the picture is fair, but again, this is a driver, not a show car, and unknown how many coats of paint are actually on the car.
A car like this can provide a great deal of fun for an owner who wishes to simply drive it and maintain it, and make ongoing minor improvements. It should be reasonably priced, being a 5W Coupe driver, you won't be spending a huge amount of money initially to purchase the car.
The major things to look for now are condition, everything visible except mechanical condition, that to be determined by a good long test drive, and if the seller is willing, a compression test.
Again, I strongly advise you to get the opinion of a seasoned '36 owner. As the car is 7 hours away, check the area for V8 Club owners, many of which will certainly be familiar with the car in question, some also may be willing to check the car on your behalf before yo make the trip.
Be aware upfront that if the car is outstanding and also reasonably priced, it will be known locally and will not remain on the market for very long, so don't sit on your thumbs.