Well, you should try it, what have you got to lose? If you can get it for free, then that is badass. You can always change it back if you want to.
Can you also get the lifter assembly from the donor motor? Shop manuals suggest using lifters that came with and were broken in on the same cam so as to avoid accelerated wear, where as if you used the already broken-in truck lifters with the 240 cam, they might seat unevenly on each other.
IDK about degreeing the cam.
You can delete the EGR without ill effect on the engine. I just unplugged the vacuum line to the BPT valve (which controls the EGR valve) and it was effective. No parts were hacked off, and I can hook it back up whenever I want.
The rear o2 sensor is expensive (178 dollars the last I checked), and can just be unplugged and forgotton about as what I've done with mine. I also went so far as to gut the FRONT o2 sensor, and weld it shut. I still get the same MPG even without them. This did not set off my check engine light.
My distributor is advanced all the way clockwise. I run 89 octane without problems. I didn't use a timing light, but listened carefully for any pinging for awhile afterwards, and after about 6 months, I'm confident it's fine.
When the outside temperature is above 60 degrees, I can bypass the TB heater circuit which circulates hot coolant through the throttle body in order for it to idle down once the engine is warm. This is unnecessary with outdoor temps above 60.
I actually modified my thermostat so it opens at a cooler temp (about 140 degrees), and while some people say it's a silly idea (too cold is a bad idea) so far it works. You can also just buy a cooler thermostat from Nismo for about 45 bucks if you don't like the idea of hacking one up.
http://www.mynismo.com/products/?id=2573
Personally, I would like to try a 20 dollar, 140 degree farenheight thermostat from a Mercruiser, but IDK if it would fit. I mean, how different are thermostats? I haven't measured, but I can tell you that after seeing different units over the years, most thermostats are roughly similar in size. Its hard to find info such as t-stat diameter on here without measuring it myself so that's why IDK.
As far as people telling me that 140 degree coolant temp is gonna wear out my engine, unless I can see real proof, I just don't believe them. 140 degrees is still pretty warm.
The breather on the valve cover should be disconnected from the stock filter box and have a nice little filter installed. The stock breather filter inside the airbox is usually nasty and grimey on a high mileage motor, and a new one like I'm talking about will be alot better.
Breather filters are available at almost any major parts store for about 7 bucks. I made my own from 2-stage filter foam for about 10 cents. Alot of air gets pulled through the breather (not pushed out) increasing with rpm, and the filter should be kept nice and clean.
You can take the stock plastic intake piping off and run it like this. See if it helps.[IMG][/IMG]
That pretty much sums up my motor.
Modified by seang at 7:48 PM 11/17/2009