I've had several folks asking the same questions, so I figured I'd answer them here for everyone's benefit.
The car is currently located in North Tonawanda, NY, zip code 14120. I did not purchase most of the parts included in the listing I referenced in my post. I did get some small interior parts, such as the rebuild kit for the shifter bushings.
The AC is disconnected, and would need (at least) a new compressor to work. This isn't really an issue in Buffalo, especially with the cool hand-crank sunroof providing extra breeze. Also, the power steering is currently disconnected (belt removed) because the pump needs to be replaced or rebuilt. This is an easy fix, but the previous owner preferred the stiffer steering, and I've grown to agree. The belt is included in the auction.
Smoke-wise, this is pretty typical for a diesel with 125k on it. There's a little white smoke at start, which goes away as the engine warms. There is also black smoke at WOT, just enough to see a little haze in the rearview. I like to pretend I'm spyhunter when I pass people.
For the folks wondering if it will drive a long distance, I would say yes -- though I am concerned that one of the rear tires is either unbalanced or has a loose radial. The tire was in front, and would cause some shaking over 55mph. When the rear strut was replaced, I had the suspension and bearings all checked out, and they deduced it was the tire causing the vibration, but didn't verify. I rotated the front tires to the back (X-pattern) and the vibration seriously lessened, and now I can only feel it over 65mph. None of the tires have any visible wear patterns or bulges.