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I have been the fortunate recipient of a 1972 F250 with 62000 original miles on it. It has been sitting in a field for some time, and I know I need to do some preliminary work on it before it is drivable. The 390 engine runs well after we replaced the carborator. Other than the normal things (change all fluids, filters, belts, and hoses) is there anything that I need to check out before I put this truck back into normal service?
Ditto what F150'89 said: brakes are primary! If it doesn't stop when you need it to, then you're in trouble. Make sure the cooling system is in good shape. Check the transmission and rear axle to be sure they're full and not leaking. And give the wiring a good once over. Mice can play havoc with wiring.
Clean the fuel tank and replace fuel lines. Tune up stuff, check tires for cracks, check all steering linkage for wear. Shocks will be worn too, I'm sure. Basically anything that is safety related or moves should be checked and/or replaced if warranted. Critters can nest in the wiring and cause problems there too, so a visual of the wiring would be a good idea.
An additional question. Should I be concerned with anything in or on the engine. I have heard that the timing gears in these engines were nylon? If that is true, should I consider replacing the timing gears and chain?
I once pulled a '67 Mustang conv 390 out of the desert where it had been sitting for about 7 yrs. A fresh battery, 5 gal of gas, and a splash down the carb. Even did a burnout on the way home! God I wish I still had that car...