It looks like hot rod material to me. The flathead 6 that came in it wasn't very impressive. Chrysler Corp. made a lot of great engines From the Hemi down to the 318. Any one of the V8s they made would be a better choice. Originality is overrated. It would be worth more with a Hemi and a custom paint job.
Either way you should buy it. You can't lose at that price even if you lose interest and resell it to one of us guys.
Go get it.
AL