She's a little loud with no exhaust, but I guess I should go ahead and wire up the fuel pump and charging circuits and then adjust the carb and timing before I tow her to the exhaust shop.
Everything post start looks good, with the exception of the power steering pump, which is leaking a bit around the pulley. Since I had already replaced all the seals, that probably means the shaft had too much wear. I'll have to look into finding a replacement; fortunately, it isn't leaking enough to be a hazard.
Always feels good to fire up a project for the first time.