Miles on a vehicle are like hours on a tractor....great for determining when to perform maintenance but don't have much to do with determining condition.
Since it's been sitting so long that truck will need tires, brakes, battery, fluids and filters, hoses and belts, carb rebuild, fuel pump, tune up, etc...which are all inexpensive items.
I wouldn't be worried about 136K mile on a 223 six cylinder. I opened up a 215 (earlier version of the 223) with many more miles than that just out of curiosity. The crank was like new, the bearings in excellent condition. There was very little cylinder wear.
The OP could buy the truck and have a reliable daily driver for $1800 + or - if he can do the mechanical work himself, then chip away at fixing the rust one spot at a time.
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Today's Featured Article - Diagnosing Engine Difficulty - Diesel Tractors - by Staff. The following suggestions are listed for your assistance. You can make simple adjustments on your tractor that will improve its operation and save you the time and expense of hiring someone to do it for you. Always make one adjustment at a time, and if the adjustment made does not improve the condition, return to the original setting before proceeding to the next adjustment. Hard Starting Cold air temperatures. Insufficient fuel.
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