HELLUVA DEAL OR WHAT???

my engineer loves my v20 so he is looking for one of his own... any thoughts on this one? one family owned. unknown hours on motor but says starts and runs fine. needs ignition switch because it wont shut down... has to choke it out. guages dont work but in overall good cond.

http://newyork.craigslist.org/lgi/boa/143253895.html