Gutsy is a 1992 L Series Subaru EA82 Carby engine.
Gutsy was advertised for $600 registered but the old owner stated it had a blown head gasket and had nearly seized. I ended up buying Gutsy for $400. It had a large hole in the radiator and a flat battery. I replaced the radiator and have been driving it as my daily for two months. Compression is good and does not burn any oil. And so far touch wood not losing any coolant. There is a knocking noise that is louder when the clutch is pressed in so I am hoping it is not the engine. As it doesn't make the sound to after driving I am thinking a throw out bearing.
My future plans for old Gutsy is a 2" Body and suspension lift, Larger Tyres and larger exhaust. Bull Bar and down the track a weber carby or maybe be an EJ Conversion or a engine rebuild.