A while back i bought a rebuilt 390FE for my 1969 F250. Swapped it in and for the most part it’s been fine. the old engine was leaking pretty bad, mis-firing, poor compression.
What should i do with it? sell as-is? rebuild it myself? turn it into lawn art? FE’s aren’t exactly cheap to rebuild, and my closest shop for any machine work is 2.5hrs away.
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Sell it and set the money aside for the next thing that needs replacement/repair. A '69, eh? Nice.
If you’ve got the room, get it rebuilt at your leisure and keep it as a spare.