Thanks guys, I appreciate all the comments and advice. I was probably getting a little excited and overly ambitious with this project.
JP75, I did check out your 53. Looks like you got sidelined by an MG. It appears you were well on your way with the 53 though. I would love to see the finished product.
Unimogjohn, thank you for your advice and for sharing your experience. This particular car has a straight 8 with a 3 speed transmission. While I was digging around under the hood I bumped one of the heater lines with my elbow. The small piece of heater hose under the car snapped in half and it lost all the antifreeze in the shop. This made me realize just how brittle everything might be on this car. I will drop the pan first and clean out any sludge. The motor does turn by hand so that's a start. I have a battery ordered for it. But I will take your advice after getting it to run and stop safely I will drive it around a while then probably do a few things when the weather gets warmer.