In short to answer your query of "is it worth it?"
Yes, in certain instances, just not yours.
It's a fine thing to want but you are not yet ready young Padawan.
Can I make suggestion?
I understand that money in your pocket IMMEDIATELY begins to burn and if you like burning money? You are in the right place lmmfao.
If you intend to change a camshaft you will want and need tools.
Way more than you probably own. Screw buying
carburetors you're going to need a CHERRY PICKER and an ENGINE STAND before anything else can happen towards changing a camshaft? You will need TOOLS. Many.
EXCELLENT sources of tools at good prices are garage sales and pawn shops. The Snap-On truck is a goal, much like a camshaft swap haha.
Since your pocket is on fire, my suggestion is to spend towards the best "bang for the buck". Work on the stuff that doesn't require many fancy tools and will yield the most return given the investment.
I.E. change the fluids and filters. All of them - and start a notebook or something to keep records with dates and mileages or your services performed. Initiate a service record .
Squarebody truck owners MUST own a grease gun. Have you got one? How about a jack?
Can you change the spare?
Have you got a drain pan to change the oil? The transmission filter and differential fluids will be GREAT learning experience as you may never forget.
And for the record?
Holley>Edelbrock.
I don't support Edelbrock
anything!
Consider the Street Avenger 670 instead.
the fluids and the filters...
Oil + filter
Trans fluid (dextron 6) + filter
Differential fluid
Air filter
Fuel filter
Antifreeze
Blinker fluid
Halogen refill juice
That's more than $100 and may take all day.
Rotate the tires.
(Best ones should be on the back)
Grease the fittings (at least 11)
How are the wipers? Does the washer work?
THEN I would repair things starting with the smallest and cheapest stuff to fix. It's 40 years old...it's got broke stuff and is missing parts. I'd sure as hell change the U-joints near the beginning of ownership. That is one of the first chores to accomplish.
For Pete's sake keep it from breaking down before you take it apart!