rebuilt 305 sitting for a year with no oil, now what!?

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Update: My friend who knows way more about motors than i do is gonna take a look at it. In the mean time i've found another 305, all stock, from a 92 camaro. I've done a little more research and it seems like the newer 305 is more powerful than the one i've got from the 77 malibu. The owner is asking 400 for the motor, what is your input here guys?
 
SO this is the new motor I'm going to pick up, today. Another 305, comes with all the belt,s pulleys, alt, psp, distributor, plug wires, and everything else I need to get this motor running, and as it sits, it's ready to run. I'll be able to drive my beast before winter and then i can mess around with me this motor just sitting now!

i wil lahve pictures later today
 
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