Made a little more progress today.
First I shot some paint on a few of the primed parts. I guess it's the bright sunshine, or just my cheap digicam, but it looks much more orange in the pics than it really is. It's Ford Red, and is much more red than it looks here. But you get the idea.
It's going to be a sweet-looking engine when done! Hopefully it will be as sweet-running, too...