Let me just say that GTXVette has probably summarized this very well.
I have never driven this on the street. I can't answer the detailed questions you are asking.
If you are looking for a perfect car (minus a clutch) for $1K, I think you should probably look elsewhere. If you are looking for a car that has been completed, sorted, and driven for a decade that is still a project, but a very good opportunity for $1K, then we are in agreement.
Completely agree this is a very good opportunity for $1K. Just want to know if I'll need to put in another $1K for tires. Then another $500 for X. And then another $350 for Y. And then...
Tires have good tread. I'm not sure how you approach stuff like this, but I never assume tires on a project car are any good at all, especially for performance driving. It's a bad idea. So, I would suggest new tires as a safety measure, because that's what I always do. But they have good tread.
I'd be happy to give you feedback on X or Y, but I don't know what they are unless you ask.
The car is in Lexington SC. The address is meaningless, because I will be relocating it in a couple of days. I am available most weekday evenings, and may be able to make myself available on the weekends. I suggest you contact me and ask, and I will be happy to make arrangements.