If it's a carb fed redblock, there will be virtually no electronics under the bonnet, although saying that even the injected ones aren't that complicated to be honest.
The redblock is a joy to work on though, they almost look lost in the 7/900 engine bay. These bays easily swallow straight-6s
To this day, a redblock holds my record for the fastest cambelt change: 40 minutes I think from bonnet up to packing the 3 or 4 sockets away, and I'm by no means a mechanic. That was on a late 940 with an electric fan, but still...!
The suspension is jelly soft, but you need to remember that most of it's design dates back to the 240, which was developed while Noah was still knocking up that arc of his.
A knocking from the front on taking up drive COULD be the engine mounts. I had a one gone so badly on my 240, that the sump was actually sat on the crossmember, and the fan rubbed on the cowl when pulling away hard. Took me ages to figure it out.
Low ATF: worth checking if the dipstick is properly inserted all the way home as I've heard of it coming out of the top of the tube before. But more importantly, make sure there are no signs of water in the fluid, or vice-versa. The radiator has a small ATF cooler built in and they can split internally causing the two to mix, spelling the end of the gearbox very quickly.
Over all though, they're a bulletproof old tank. Nothing will take neglect like a redblock.
Nice and simple, and would be an ideal learner for your mate
Steve
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