So, I've been working on the brakes. The front rotors and calipers are replaced. The bearings were in good shape so I repacked them. The rear wheel cylinders have been replaced. The rear drums and pads look really good. Now I'm just waiting for brake lines and it'll be done.
*smoke isn't a bad thing in this case. On rotorary engines you can pour transmission fluid through the carb to loosen the apex seal and everything else. BUT it smokes like crazy once you do and needs about 20 minutes of running to burn it all off.