For me, if it was that original I wouldn't mess with it, especially if you are going to get into it in a couple years. I'd get the carb and timing dialed in, and I'd put a decent exhaust on it, meaning some larger pipes and mufflers of your liking, with the stock exhaust manifolds. You want it to feel more responsive put some 3.50 gears in the back and call it good until a time you want to really dig into the motor.