...suggestions...

Alright ya'll so ive got a 72 with 304 727 auto pretty much stock and heres my deal. So im ready to fire her up for the first time but the po left it sitting out in the rain and turned the intake manifold into a fish aquarium and the lower part of the oil pan had some water in it so I drained it and sprayed wd-40 all inside and spun the motor and its smooth and not frozen. What oil do u recommend to put in her thats decent to see if she even runs before I put a motor job in my budget and another pain in my wifes ass .... Anything would be helpful even if u think its a bad idea to try n start it?
 
Was the air filter housing still on the carb? There is a thread on how to start the engine after sitting for a long time. Don't try starting the engine till you can spin the oil pump and get oil up to the cam bearings and rockers. When changing the oil and filter, pour some oil into the filter (about 3/4 full) so the filter won't take so long to fill and build pressure.
 
Amazing that it hadn't seized from all the moisture exposure. You've already dry cranked it without priming the lubrication system, which isn't the best approach, but that toothpaste can't be put back in the tube. I suggest you purchase the cheapest oil and filter money can buy, prime the system as suggested and get some run time on the engine with some seafoam added to make sure you eradicate all the moisture. If the engine seems like a good runner at this point with good oil pressure, then you can invest in some top shelf oil such as the swepco brand available from the ihon online store.
 
If you have 2 or 3 belts, the p/s belt goes to the smaller pully at the rear of the waterpump. The alternator belts go from the crankshaft to the front pullies of the water pump and then to the alternator and back down to the crank pully. The belt numbers will be different depending on the application = length.
Give a 'eyeball' down the p/s belt to the water pump to verify the p/s pump pully is in line with the waterpump pully. You May need to add spacers between the p/s bracket and the block to improve the alignment.
 
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