I have a 1782 and love it! But you may be better off to do a V twin gas conversion.. you can dump some money into a diesel rebuild in a hurry! Plus there is no telling what parts may be missing!
Great find though! Keep us posted! 
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Jay
40 years of Using and playing with IH Cub Cadets!
Proud owner of the following:
Cub Farmall, Super A Farmall, Original, (2)70's, 72, 100, 102, 123, 105, 125, 127, 108, 128, 1450, (3)782's, Yellow 982, 1782, "Sam's" 2182, M Farmall and a #7 trailer
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