Bill-
It's a hydro so there are several standard things to look at. I'd ask to remove the tunnel cover if you're going over it with a "fine tooth comb". The trunion will probably need rebuilding. The linkage will probably need tightened up at the least. The driveshaft is a most important part to examine especially if the seller will haggle some. I'd be surprised to see a whole fan too. They always seem to be broken or totally destroyed. The pump to rearend gasket might be leaking and is a major repair...fairly easy but major when it comes to time. I'd replace it with a neoprene gasket but you'll have to cut your own. The only ones I've seen offered are the composite which work well too. I just buy neoprene by the sheet to get several gaskets plus. As mentioned the steering should be checked out from the steering wheel to the spindles. The front axle might show a lot of play when moving the steering wheel back and forth. If you plan to pull the engine then that would be a good time to give the channel a squeeze and refit the axle. Don't squeeze it too much...a little at a time.
Other things to consider are the extras if any. It came standard with hydraulic lift and headlights and I hope the light are still there. A couple of mine were missing the lights which is a bummer. Does it have the 3 pt on the rear? That's always a plus.
On the other hand...if you want a worker then check all of the fluid levels, air up the tires, get the engine running, and use it. It will tell you what needs attention.
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