I bought a '66 389 in similar condition. It was in a field installed in a rusty '65 GTO. It ran so good with a gas can attached that even the choke kicked down once it warmed up. No smoke and no fouled plugs.
I pulled the heads and had a valve job done and took it to a machinist friend of mine to check the short block. Said it just needed a hone so that's what he did. I had him install the cam and main bearings and rear main seal. Re-ringed it added new rod bearings and all the peripherals... it's been in a plastic bag ever since.
Funny, I just fogged the cylinders and turned it over a few times yesterday. It'll be quite some time before it winds up in a car so I left the valley plan unsealed and the intake off so I can get back into it and make sure everything is still lubed up as far as the camshaft goes.
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Greg Reid
Palmetto, Georgia
 
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