I appreciate all the replies everyone, but I think I'm more confused now. I don't know that I was fully clear on what I want out of this car.
It is a cruise night car. I'm not after huge power or low 1/4 mile numbers. It's not gonna see redline often or even at all. Im not going to be beating on this car, it'll probably acquire 1,000 miles a year. I don't want it to be the slowest car at cruise night, but it's still just going to cruise night and back home. Honestly I want a cam in it for the sound more than anything else, I'd like a nice lopey idle. The other thing I want is for this engine to last. I'm not taking it on any road trips, or relying on it for daily transportation, but I don't want the engine to spin a bearing or smoke or need to be torn down again in a couple years.
The car has been sitting engineless under a cover for three years and I bought this engine so that I could get it up and running over the winter. I drove all the way to Indiana to buy this engine, and I am going to fix this engine, I don't want to buy another. I want to make the car run with this one. According to the guy I bought it from it ran just fine when it was pulled a year or so ago. At first I was just gonna put some new gaskets in it, paint it and run it, now the cam is out of it and I'm minimally replacing cam bearings and the cam and lifters and putting it back together.
Now I understand being skeptical of Craigslist sellers, but I also don't believe everyone is out to get me, and the seller really had no reason to lie to me.
At any rate, I'm not sure if I just want to replace the cam bearings and camshaft and then stop there, or if I want to go farther. I got some thinking to do.