RE: Cleaning up and restarting old engine
Don't really do anything, re-plumb the gas tank, etc. Put fuel in it, prime the carb with a squirt or two of fuel and have at it. If she runs fine have a ball, if not, then buy a carb re-build kit. I once had an old gasser just like yours and didn't have to touch anything to make it run right after 5 years.