Evaluate what you have:
- Check compression. Make notes on all, as it will help identification of any problems after you open up the engine.
- What is know about the engine. Rod knocking? Piston blown through case? Rocker arm fell off?
Tools
Must have:
- Manual. Haynes at minimum.
- Sturdy and CLEAN workbench. It may get greasy and oily, but no sawdust, metal shavings or even sand blowing in the garage door. Cover your parts when not working on them.
- Test light (for static timing)
- Lint free rags
- Cleaning tools: Oven cleaner and/or parts washer bucket. Brake cleaner. Latex gloves. assorted wire brushes, old toothbrush, assorted metal and plastic scrapers, razor blades. All things you should have in your garage.
- C-clip pliers
- Oil pump removal tool
- Flywheel lock / Flywheel dog
- Feeler gauges
- Caliper
- Crank gear removal tool (wheel puller)
- Ring compressor
Luxury items:
- Bench or stand engine mount
- Compression tester
- Timing gun
- End play tool
- Relief valve plug tool
- Main seal installation tool
- Torque Buddy
- Dial indicator with magnetic base
- snap gauges
- micrometer
- Propane torch
Minimum Parts
Consider an alignment bore mandatory and add to your budget (align-bore, line bore, whatever you want to call it). <link>
You will need these parts, regardless of what else you run into that is broken:
- Camshaft bearings
- Rod Bearings
- Main Bearings
- German gasket kit
- Push Rod Tubes (paint with thin coat of flat black)