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If it has two bolts sticking out of the top of the valve cover, it is the old version of the 235 and isn't worth keeping. If it has screws around the outside edge of the valve cover, it is the '56-'62 version and is a very good motor. Toyota bought the patterns and desighs for this motor and put it into Land Cruisers up into the 1980s.
Many pre '54 pickups had the old engines replaced with late model 235s, thus have good basis for rebuild. I am totally rebuilding my 235 in my '53 Chevy pick up - 260 cam, 9.25 compression, chrome or polished aluminum everything that is not gloss white powder coated on the outside, Fenton dual cast iron headers, Clifford aluminum 4-bbl manifold w/ 390cfm Holley, 200R4 OD automatic tranny. Of course you could put in a SBC without much effort but that is extremely boring.
Many pre '54 pickups had the old engines replaced with late model 235s, thus have good basis for rebuild. I am totally rebuilding my 235 in my '53 Chevy pick up - 260 cam, 9.25 compression, chrome or polished aluminum everything that is not gloss white powder coated on the outside, Fenton dual cast iron headers, Clifford aluminum 4-bbl manifold w/ 390cfm Holley, 200R4 OD automatic tranny. Of course you could put in a SBC without much effort but that is extremely boring.