UPDATE:
I picked it up today. It's decision time -
I took a look at it, and sure enough, the Voltage Reg is gone and so is the injector pump.
BUT...
It turns over by hand with a socket wrench on the blower wheel bolt on the crank. Also, I was able to get most of the parts I needed from a friend who parted one out. I would only need an injector pump and a fuel tank, and then I could start messing with this thing. I'm trying to source an injector pump that won't cost me more then the genset is worth, but failing that, I'll need to part it out. what does an injector pump go for?
What are your thoughts? no cut wires, no stuck parts, but I have not tested (nor do I know a way) to test the gen head without running the engine.