Boots cracked on the ball joints is a red flag that it needs a complete front suspension rebuild. Bargaining points in your favor. As mentioned above, no word about timing components being serviced. More bargaining points in your favor. With the stratospheric rise in values of the SEC's for whatever reason, if you can get him down low enough, it might be a decent buy. Expect to shell out some big bucks if you pay a shop to do the timing chain work and front suspension. If you do it all yourself, you're looking at ~$1500 in parts and considerable labor.