Pickle it ASAP. Fill everything up with diesel to the top, it will soak up any water. Turn it over by hand a few revolutions to get the diesel in the oil passages. Standard procedure on swamped motors. But you ususlly have to do it quickly after draining the water to avoid rust.
Okay. Filled the engine CC with 10 gallons of diesel for 1 hr, used compressed air in the dipstick to agitate. Drained the diesel with the predicted milk, and filled with 6 qts cheap oil. Squirted ATF in all cylinders.
Engine cranks 1* with each hit of starter. Breaker bar and cheater on Dampner bolt does zilch. NOT looking good for the team.
Will soak the cylinders in ATF all night, and try again tomarrow.
If I can keep walking it around 1* to get 360*, I'll decide what's next. Meanwhile,..............
I "could" pull the dizzy, POS Optispark, And use a priming tool to get fresh oil in the journals,lifters,valves, etc.......................