Big Daddy - I don't know a lot of specs but I do know that usable tagged crank, cams, and a good block is worth around $1500.00 minimum.
I don't know that this will be much use, but here is the little bit I know.
I know to check the mag drive bushings for signs of damage. They are a bugger to get fixed. If you get your hands on a Lycoming parts book it has the ranges of tolerances for all the parts.
Check out the cylinders and feel the top end of the barrel, if you can feel a large decrease in size at the top end, they may be beyond repair (or at least it might be cheaper to buy new ones).
I have been told almost any damage to the block can be repaired and rewelded.
You might want to try to call Jurnigan about what to look for.
Good Luck, I keep dreaming of finding a fix it upper.
pat