I've never bought a used model engine but I do know from long experience that motorcycle repair/restoration can at times involve more time rectifying "work" done by previous owners/mechanics than repairing the ravages of time or normal wear and tear.
The things that some people do are beyond belief. Latest example was a pair of BMW carburettors that someone had attacked the throats with a Dremel grinder where the throttle butterflies seat in the body. Result: two junk carburettors that will never ever idle because of uncontrolled air flow around the butterflies.
Another BMW one that my mate discovered: Previous owner had overtightened a cylinder stud so drilled out and tapped the 12mm stud hole in the crankcase to fit a massive 18mm OD threaded insert — in the process completely blocking off a drilled oil way that connected the oil pump to the crankshaft.
Or:: Cylinder liner not pressed all the way in so the stepped spiggot on the top stood proud of the head gasket surface. Easy fixed, some previous mangler exclaimed, before milling the top of the sleeve down level with the surface. Except when the engine ran and heated up, the sleeve came loose and rattled up and down by the amount that had been milled off the top of the sleeve.
How about roller cam followers and guides installed sideways so they rubbed on the cams and totally destroyed the lobes, the hardened particles going on to destroy the rest of the engine?
No end to the risks of buying something secondhand. But if the price is right, it's worth a punt. I once bought a Featherbed Norton twin for $200 because the previous owner could not get it to run. I cleaned the carbs and turned the float needles right-way up and rode on.