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Change the filter to a Wix and fill it up with VR1 20w-50 (or equivalent) and get it warm and see what the oil pressure is. 10 LBS per 1000 RPM is the minimum standard. You want at least 50 lbs at 5000 rpm.
If its an automatic car, you will need a floor hump and a set of pedals as well. A matched set out of a Charger would be ideal, especially if everything works good. The clutch may still be good. You will probably need new front and rear seals as well. You will need the correct shifter, depending...
Welcome. Fun looking '68. Be sure to show us those "custom modifications" before you fix them right. We may never have the opportunity to see such handy work again.
All of these old cars are toys. We all probably had a toy police car. I say it has more value than a non police car small block coronet. The car is what it is, restore it for what it is, and enjoy it.
Just because that is what they are asking, doesn't mean that is what they are selling them for... Offer them what you think it is worth. I doubt that anybody is going to buy that car for 75K.
Figure that it is worth around 40K if it was in good shape, make your deductions from there. Offer them...
Welcome. Sorry about your brothers passing. It sounds like you are a thinker, so you can do it!! Don't over think it, just dig in, keeping in mind your goals. I like to try to clean them up and get them "running" with what they have, before I start tearing them down. Lets you know "what you have...