Did you ask him why it is torn down? Generally a good running engine won't be taken apart. The big problem I see here is a totally disassembled high mileage engine and you said you don't have much experience with engines. What are your plans?
He said "the bottom end had a tap and found another 360 for cheap, took off the heads and sold 'em separately because they were new"
My Dad has more experience with engines than I do (though I'm not sure how much exactly).
I need to find some literature on rebuilding engines and transmissions because I really don't know a damn thing about the inner workings or parts. So I can't really say what the plans are. :newb: