if youre looking for reliability youre looking at the wrong car in general. Old cars are shitty.Period. Unless you completely redo everything chances are the car is gonna end up being a piece of crap. More than often a bad head gasket lets coolant into the oil, the car is run like this, fix the bhg and bam rod knock. you just cannot expect to be able to half ass a head gasket job and have a pristine car on your hands. Any number of things could already be wrong with it, and you wont even know til after you fix the car, cause in the state its in you cant even test drive it. Basically if you are tight for money in any way this is a bad idea.
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