Thank ya'll for the comments and information.
Looks like I have a "keeper" as it is truly "rust-free". Already been offered to sell it for more than what I paid for it.
Bonus is, the car has a new radiator, new tires and a new stereo.
Appears that the slave cylinder is a recent replacement, as the paint is still shiny with a little dust on it. AC is non-op, of course.
Thanks again..........