Well, I took my sweet time getting this story out. I sold this car a little over a month ago, but wanted to share the experience of the build.
So...
It was a sad little specimen when I laid down $500 for it at the end of 2011. The PO had overheated it, but since it still ran, he decided he could continue driving it for short distances. My guess that the knocking finally got too loud and he put it up for sale.

The engine looked a LOT better than it sounded

It appears that during previous repairs, some corners may have been cut...

PO was apparently way too busy to waste time with things like washing his car.
So...
It was a sad little specimen when I laid down $500 for it at the end of 2011. The PO had overheated it, but since it still ran, he decided he could continue driving it for short distances. My guess that the knocking finally got too loud and he put it up for sale.

The engine looked a LOT better than it sounded

It appears that during previous repairs, some corners may have been cut...

PO was apparently way too busy to waste time with things like washing his car.

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