Good Luck! It would be lovely to see this engine running again, and a tribute to its builder.
Unusual too, with that swash-plate valve-gear and what I take to be ball-bearing main bearings.
The Mamod boiler was very likely wrong only by being too small and low-powered for this engine. It ought run quite happily on air, but there are suitable boiler designs about for such an engine.
My thought would be to overhaul it mechanically and give it a good tidying, including trimming the solder-flows back to neat joints. Do that by careful scraping and polishing though, not heat, unless you find faulty joints.
If you do need touch up a porous joint a medium melting-point electrical grade solder would help avoid disasters, since after all this model is not for particularly high pressure and temperature. It looks to me as if its builder used plumbing solder – which is fine in this case – but may have struggled to heat the metal properly and uniformly with the tools he had. Other than that it looks well-made, and deserves its restoration.
I was tempted to suggest using the more prototypical studs and nuts, but then thought, no, refurbish it as-is or to the original ME drawings.
Running-speed? If the ME article does not say anything historical, its design suggests the high-speed enclosed machines made by many manufacturers for driving dynamos, blowers, centrifugal pumps and the like at about 400rpm or more, but I'd run it at about 100rpm. The tapered bearers suggest it was intended for driving a model boat, but its full-size version on a ship would have been part of the auxiliary plant.
Looking forwards to seeing progress!