Miles on a vehicle are like hours on a tractor....great for determining when to perform maintenance but don't have much to do with determining condition.
Since it's been sitting so long that truck will need tires, brakes, battery, fluids and filters, hoses and belts, carb rebuild, fuel pump, tune up, etc...which are all inexpensive items.
I wouldn't be worried about 136K mile on a 223 six cylinder. I opened up a 215 (earlier version of the 223) with many more miles than that just out of curiosity. The crank was like new, the bearings in excellent condition. There was very little cylinder wear.
The OP could buy the truck and have a reliable daily driver for $1800 + or - if he can do the mechanical work himself, then chip away at fixing the rust one spot at a time.
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Today's Featured Article - 12-Volt Conversions for 4-Cylinder Ford 2000 & 4000 Tractors - by Tommy Duvall. After two summers of having to park my old 1964 model 4000 gas 4 cyl. on a hill just in case the 6 volt system, for whatever reason, would not crank her, I decided to try the 12 volt conversion. After some research of convert or not, I decided to go ahead, the main reason being that this tractor was a working tractor, not a show tractor (yet). I did keep everything I replaced for the day I do want to restore her to showroom condition.
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