Good job taking it off craigs list. You have a good tractor and it all there. I don't think it's in bad shape at all. Always a good idea to spend some time with the kids and why not expand your collection? Gravelys are cool (cue the CAD pics) but great idea to give the cubs a try, you'll be hooked in no time.
PS your 1450 would be a great find around me condition wise and it sounds like you got it cheap 
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(2) Original, 100, 102, 124, 73, 800, #1 and #2 cart, brinly plows, disk, IH184, IH244, 1948 F Cub
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