Update. So according to my dad the thing was totally submerged, so this truck is probably a write off. Sucks to see a good truck die, but I guess we can’t save them all.
Not good. But for $500, I'm probably still game. However, you mentioned it went into the drink running.. It's good that the engine spins over, but I'd be curious to see the results of a compression test. I've read about engines which hydrolocked, they end up as short strokers courtesy of bent rods.... Even if that's the case, it's a great candidate for an engine swap. Check on that trans and the fuel tank too, make sure water didn't get in either of those. Seeing as that truck is as solid as it is, no worries that's all beat up. That's character, and you are far less likely to have people road raging with you as a result. Reminds of a 1991 F-150 I bought. Regular cab, shortbox with a straight six and a five speed. XLT trim with A/C, power windahs, locks, tilt wheel and cruise control as well as dual gas tanks. Damn thing was scratched up, faded paint and every panel was bruised or dented. But I was all in when I saw how clean it was, still had stickers on the frame. Actually miss that truck. Buddy wanted it, so I sold it to him and then his dad promptly blew the engine up.