Thanks for all the kind comments guys. I had a chance to give it a closer once over this afternoon. The PO/PO'S had no concept of wiring, among other things. The harness under the hood is hacked, bad, and the underdash harness doesn't look much better. The headlamp chime comes on when I hit the brake!

I'm thinking I'll end up replacing all the wiring before I'm done- it wasn't that great when new anyways. The engine tag revealed a 1976 360 4V, and the P code indicated factory .010 undersize rod bearings. The carb tag dates it a 77. It has good oil pressure and is quiet (for having no exhaust other than manifolds). The idle is WAY too high and it looks like it's carb related. Although the distributor has some funky dual white vacuum diaphragm system, not familiar with that. The trans concerns me. Got the TP linkage hooked up and adjusted, checked fluid level, it still slips. Fluid is clean, new-clean. Might try a quart of TransX in case the seals are just hard. Obviously can't check the transfer case much. Might have to call a local trans guy to come over and check it.
Even with all the unforseen issues I am still on cloud nine about this Jeep. (OK, honestly I figure a clean title and rust free body is well worth what I paid.

) It will just take a lot more work up front than what I had hoped. My wife just shakes her head and says "As long as you're happy". My only regret is that because I am going to build this truck next, my red Scrambler will get moved back in the build order again.
I had hoped to do the cosmetics and then the powertrain, but that ain't happening unless my trans tech buddy can work some magic. I also know that at some point I want a modern fuel injected powertrain. It seems worthless to invest in a carb, distributor, and possible trans work or a good used trans, especially when it's probably temporary anyways. So, here's my dilema. Invest $300-$500 plus my time to get it going as-is and then incrementally upgrade as I can afford it, or say to heck with it, and start getting my fuel injected powertrain together and accumulating the other parts I'll need. I know, some of you are thinking "And this is a problem?". I'm leaning to dive in head first, as usual- install the fuel injected powertrain and get the mechanicals done by fall. Then get bodywork and paint sorted. I was able to purchase this without selling any guns, so there's potentially some funds to start building. Plus I can sell the running 360, and a bunch of other stuff I call my "savings account'.
I keep reading through this thread
http://www.ifsja.org/forums/vb/showthread.php?t=89280 and having such evil thoughts... a blue J20 version...
Thoughts? Comments?