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Yes Abe it was running before it was removed from the F100. So it does not have the high mount water pump and it was converted to 12V so it has an alternator. I bought it at the time thinking I might use it but I have decided to have my original rebuilt. Its a good shop weight or resource for guys like you:- If you hear of anyone needing a good Y send them my way.
I think you better keep it. You might need it for that 54 F600 you are going to buy!
Update for today: I was working on routing my wires using the grommets and clamps and MMI g sure they didn't cross each other. When I got to the passenger side I realized my head does not have a threaded hole where the pictures you guys have provided show there should be one. So I will only use the grommet at that point and not the bracket. Then I noticed the wire to the #4 plug has a gash in it. So tomorrow I'll go to the parts store to replace it.
Then I called my BIL. He told me he can't come tomorrow. So now we have to wait until next Monday. So I spent some time detailing some things in the engine bay, like getting Green paint off the speedo cable and painting part of the crank or balancer red where some blue was showing thru.