I would imagine he's trying to say he doesn't think you can do it.
Personally, I'd say go for it. Tearing it down and putting it back together will be well worth the experience even if you don't get it running or actually use it.
I wouldn't put a heck of a lot of money in it under those circumstances. Take it apart, look it over good, think about whether or not you're likely to put it to good use in the future, and then decide whether to spend some money on it. Those little 250's are about as bullet-proof an engine as GM ever built. Even if you just put fresh gaskets in it and bolt it back together it should at least run.
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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