If your exhaust is bad (y-pipe, headers) plan on redoing everything including the heads. I had a 79 J20, broke the bolts in the y-pipe, broke the bolts for the air injection, and then broke the bolts for the headers.
Old man thought I was using the impact too hard with them. Told him, "Lets see you do it." Snap, snap, two more broke off!
Anyways, just keep that in mind. This was a vehicle from the midwest, so your results will be different. They make carb / intake / header kits, so that might be something to look at depending on what is going on.
Does this have the quadratrac transfer case? Make sure it is operational with the vacuum system to lock the driveshafts together. Basically you have full time, part time high, and part time low, with the transfer case.
I used mine for plowing and it was awesome. Sold it for 500 bucks as it was turning into a rust bucket. Old man bought a new F350 shortly afterword.. bastard..lol