I'm wondering what 25 years of sitting has done to the machine. There is a good chance 50% of the hydraulic hoses will need replaced once it runs. Greater chance the hydraulic cylinder seals are rotted.
Do you have much experience in these types of repairs, including the engine? Tooling?
I've restored dozens of old diesel trucks, from 1 ton pickups to a few stewart and stevenson military trucks, a dump truck conversion and an old semi. Never a piece of construction equipment though.
I'm approaching this the same as I have with the old trucks. Even if I think I know something, I assume I don't know it and verify the info before I proceed with every step. If I can find a new part for something, I replace it, right down to the lug nuts, although in this case I need to find 2 new front rims as well as these are dinged up and bent. I won't be repacking the hydraulic cylinders, I'll be looking to buy new ones. And even if it looks fine, I will be replacing every hydraulic line. New seat, glass, pretty much everything. I've seen rebuilt engines for sale around $7,000 but even though it's likely to be more expensive, want the experience of rebuilding this one just to gain the knowledge. I plan on stripping it down to a bare block, sending it off to be machined and powder coated, the rebuilding it myself with as many new parts as I can find. I like to tinker, and like to be wrong so I can learn from it. I'm almost disappointed when I rebuild an old diesel engine and it fires up perfectly the first time as I feel like there is nothing more to learn from it.
I usually send out or replace parts that need to be machined, I have a lathe and welder but that's where my machines end. We have a large sand blaster and paint booth, but that's for cosmetic work if I get it to live again.
All in all, this started out as a $500 impulse buy and in my mind, I saved it from being torched to pieces and hauled off to the scrap yard. If I fail at my engine rebuild, I'll suck it up and buy a reman engine. Same with the Trans. But I don't give up easy.