That's a great looking rig! It's been a long time since I've seen a '73-'79 that wasn't rust from the glass down.
The 300 is an excellent engine. There are aftermarket parts that will wake it up. Shoot me an email if you want info on what you can do to it.
I had a '78 with a 351M. It wouldn't win any races or fuel economy awards but it was reliable as could be until the rear main seal went out at 140K. I swapped a junkyard 400 that I got for $40 and finally sold the truck when it was pushing 200K. The guy that bought it ran it up to 235K before he sold it at auction. The truck still looked great, the auctioneer sold it as original (35K)miles!
Dad had a 400 a few years later. It too was a good reliable engine. IIRC he retired that truck at 189K.
We've had some 240/300 sixes. A few things to be aware of...
watch your belt tension. Too much tension will cause the bearing to go in the water pump. Even with proper tension they went through water pumps rather quickly.
There is a drain hole or holes in the base of the fuel pump. The hole(s) are there to drain gas if the diaphragm in the pump leaks. If (when) those holes become plugged and the diaphragm leaks the gas will run into the crankcase and dilute the oil.
Kinda funny, just this morning I was thinking it would be nice to find a '67-'72 or '73-'79 F250 then I saw this topic.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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